Weyerhaeuser Co (WY) Shares Sold by National Investment Services Inc. WI
National Investment Services Inc. WI cut its position in shares of Weyerhaeuser Co (NYSE:WY) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 51,452 shares of the real estate investment trust’s stock after selling 3,451 shares during the period. National Investment Services Inc. WI’s holdings in Weyerhaeuser were worth $1,814,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in shares of Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,453 shares in the last quarter. Boston Private Wealth LLC bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth $206,000. NBT Bank N A NY bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth $208,000. OLD National Bancorp IN bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth $209,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth $221,000. Institutional investors own 74.77% of the company’s stock.
WY has been the subject of several research reports. Stephens initiated coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective for the company. Argus raised their target price on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Finally, Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Saturday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $37.56.
In related news, insider Rhonda D. Hunter sold 45,939 shares of Weyerhaeuser stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 296,623 shares of company stock valued at $10,452,392. 1.20% of the stock is currently owned by insiders.
Shares of Weyerhaeuser Co (NYSE:WY) traded down $0.43 during trading on Thursday, hitting $34.83. The stock had a trading volume of 4,520,300 shares, compared to its average volume of 3,075,786. The firm has a market capitalization of $26,370.00, a PE ratio of 71.08, a PEG ratio of 5.34 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. Weyerhaeuser Co has a 1-year low of $29.88 and a 1-year high of $36.92.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. Weyerhaeuser’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. research analysts anticipate that Weyerhaeuser Co will post 1.2 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Thursday, November 30th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio (DPR) is 261.22%.
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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