The Manufacturers Life Insurance Company decreased its holdings in Weyerhaeuser Co (NYSE:WY) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 727,374 shares of the real estate investment trust’s stock after selling 10,161 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Weyerhaeuser were worth $19,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $29,000. Zions Bancorporation N.A. acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $29,000. Investors Research Corp acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $32,000. Finally, Enterprise Financial Services Corp grew its position in Weyerhaeuser by 121.8% in the first quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 727 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.

In related news, insider Devin W. Stockfish purchased 5,195 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was acquired at an average price of $23.03 per share, with a total value of $119,640.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by company insiders.

WY stock opened at $25.71 on Friday. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $37.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 1.10. The company has a market cap of $18.83 billion, a PE ratio of 21.79, a P/E/G ratio of 8.10 and a beta of 1.67.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company earned $0.36 earnings per share. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Co will post 0.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Thursday, June 6th. Weyerhaeuser’s payout ratio is currently 115.25%.

Several analysts have issued reports on WY shares. ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report 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 for the company in a research report on Friday, April 5th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, March 11th. Finally, Seaport Global Securities started coverage on shares of Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.10.

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Weyerhaeuser Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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