Oakbrook Investments LLC Invests $1 Million in Weyerhaeuser Co (WY)
Oakbrook Investments LLC bought a new position in shares of Weyerhaeuser Co (NYSE:WY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 38,010 shares of the real estate investment trust’s stock, valued at approximately $1,001,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $173,259,000. Vanguard Group Inc. grew its stake in shares of Weyerhaeuser by 5.7% in the third quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Weyerhaeuser by 5.7% in the third quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Weyerhaeuser by 32.2% in the fourth quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock worth $369,530,000 after purchasing an additional 4,119,961 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Weyerhaeuser by 347.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,849,069 shares of the real estate investment trust’s stock worth $84,140,000 after purchasing an additional 2,988,719 shares during the last quarter. 77.84% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on WY. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Stephens raised shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research note on Friday, April 5th. Seaport Global Securities began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 2nd. They issued a “buy” rating on the stock. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, March 11th. Finally, Bank of America lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.10.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. Weyerhaeuser’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 EPS. Equities analysts anticipate that Weyerhaeuser Co will post 0.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were issued a $0.34 dividend. The ex-dividend date was Thursday, February 28th. This represents a $1.36 annualized dividend and a yield of 5.16%. Weyerhaeuser’s payout ratio is 115.25%.
In related news, insider Russell S. Hagen sold 8,000 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $26.32, for a total value of $210,560.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is owned by insiders.
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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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