Pax World Management LLC Has $6.06 Million Stake in Weyerhaeuser Company (WY)
Pax World Management LLC increased its stake in Weyerhaeuser Company (NYSE:WY) by 12.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 180,739 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the period. Pax World Management LLC’s holdings in Weyerhaeuser were worth $6,055,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Barnett & Company Inc. bought a new stake in shares of Weyerhaeuser during the second quarter valued at $101,000. First Personal Financial Services boosted its stake in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser during the second quarter valued at $109,000. Alexandria Capital LLC boosted its stake in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its stake in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.
Weyerhaeuser Company (NYSE WY) opened at 31.75 on Thursday. The stock’s 50 day moving average price is $32.66 and its 200-day moving average price is $33.35. The company has a market cap of $23.91 billion, a PE ratio of 24.96 and a beta of 1.40. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts forecast that Weyerhaeuser Company will post $1.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, September 7th. Weyerhaeuser’s dividend payout ratio is presently 97.64%.
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WY has been the topic of several analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, May 23rd. BMO Capital Markets reissued a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, July 7th. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) cut Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $37.00.
Weyerhaeuser Company Profile
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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