Weyerhaeuser Co (WY) Holdings Raised by Standard Life Aberdeen plc
Standard Life Aberdeen plc raised its stake in shares of Weyerhaeuser Co (NYSE:WY) by 2.3% in the fourth quarter, Holdings Channel reports. The fund owned 186,565 shares of the real estate investment trust’s stock after purchasing an additional 4,134 shares during the period. Standard Life Aberdeen plc’s holdings in Weyerhaeuser were worth $6,579,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. BB&T Corp increased its position in shares of Weyerhaeuser by 4.9% during the fourth quarter. BB&T Corp now owns 29,332 shares of the real estate investment trust’s stock valued at $1,035,000 after acquiring an additional 1,368 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Weyerhaeuser by 5.7% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,336 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 1,420 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Weyerhaeuser by 60.5% in the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,453 shares in the last quarter. First National Trust Co grew its holdings in shares of Weyerhaeuser by 12.6% in the fourth quarter. First National Trust Co now owns 13,164 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Barrett Asset Management LLC grew its holdings in shares of Weyerhaeuser by 102.2% in the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,584 shares in the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.
Weyerhaeuser Co (NYSE:WY) opened at $34.65 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. The firm has a market cap of $26,200.00, a P/E ratio of 41.25, a P/E/G ratio of 5.23 and a beta of 1.43. Weyerhaeuser Co has a twelve month low of $30.95 and a twelve month high of $37.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.38%.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
A number of brokerages recently weighed in on WY. Zacks Investment Research upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.44.
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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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