Teacher Retirement System of Texas Acquires 2,303 Shares of Weyerhaeuser Company (WY)
Teacher Retirement System of Texas raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,231 shares of the real estate investment trust’s stock after purchasing an additional 2,303 shares during the quarter. Teacher Retirement System of Texas’ holdings in Weyerhaeuser were worth $348,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Capital World Investors boosted its holdings in shares of Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after buying an additional 7,096,454 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after buying an additional 1,535,736 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Weyerhaeuser by 110.0% during the third quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock valued at $95,903,000 after purchasing an additional 1,476,159 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Weyerhaeuser by 1,559.9% during the second quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock valued at $49,550,000 after purchasing an additional 1,389,961 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Weyerhaeuser by 8.6% during the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock valued at $540,155,000 after purchasing an additional 1,273,679 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
In other news, insider Rhonda D. Hunter sold 45,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rick R. Holley sold 227,341 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.
Several equities research analysts have commented on WY shares. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus upped their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price objective on the stock. in a report on Monday, July 31st. Finally, Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $37.20.
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Weyerhaeuser Company (NYSE:WY) traded down $0.03 during mid-day trading on Friday, hitting $36.16. 148,010 shares of the company traded hands, compared to its average volume of 3,348,969. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. The company has a market capitalization of $27,317.27, a PE ratio of 36.93, a price-to-earnings-growth ratio of 6.18 and a beta of 1.46. Weyerhaeuser Company has a one year low of $29.81 and a one year high of $36.92.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. Weyerhaeuser’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. equities analysts anticipate that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.32 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.77%.
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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