LMR Partners LLP Acquires New Position in Weyerhaeuser Company (WY)
LMR Partners LLP acquired a new position in Weyerhaeuser Company (NYSE:WY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,813 shares of the real estate investment trust’s stock, valued at approximately $879,000.
A number of other large investors have also recently made changes to their positions in the stock. Barnett & Company Inc. bought a new stake in Weyerhaeuser during the 2nd quarter valued at $101,000. Dupont Capital Management Corp bought a new stake in Weyerhaeuser during the 2nd quarter valued at $109,000. Alexandria Capital LLC boosted its position in Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 12 shares in the last quarter. Gemmer Asset Management LLC boosted its position in Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 20 shares in the last quarter. Finally, First Command Bank boosted its position in Weyerhaeuser by 73.1% during the 2nd quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 1,765 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Shares of Weyerhaeuser Company (WY) traded down $0.01 during mid-day trading on Friday, reaching $36.17. The company had a trading volume of 709,620 shares, compared to its average volume of 2,730,000. The stock has a market cap of $27,300.00, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 6.17 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. Weyerhaeuser Company has a one year low of $29.81 and a one year high of $36.92.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. equities analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. Weyerhaeuser’s dividend payout ratio (DPR) is 253.06%.
WY has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 target price on shares of Weyerhaeuser in a research report on Monday, September 4th. Argus increased their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Stephens initiated coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price on the stock. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group Inc lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective for the company. in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.20.
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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