Weyerhaeuser Company (WY) Holdings Reduced by American International Group Inc.
American International Group Inc. lowered its stake in Weyerhaeuser Company (NYSE:WY) by 11.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 338,877 shares of the real estate investment trust’s stock after selling 41,752 shares during the quarter. American International Group Inc.’s holdings in Weyerhaeuser were worth $11,532,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital World Investors lifted its position in shares of Weyerhaeuser by 67.0% during the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after purchasing an additional 7,096,454 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Weyerhaeuser by 3.2% during the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after purchasing an additional 1,535,736 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 worth $95,903,000 after purchasing an additional 1,476,159 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of 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 worth $49,550,000 after purchasing an additional 1,389,961 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of 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 worth $540,155,000 after purchasing an additional 1,273,679 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on WY shares. Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a research report on Monday, September 4th. Argus increased their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Stephens began coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target on the stock. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Finally, Goldman Sachs Group Inc cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price on the stock. in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $37.20.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 45,939 shares of the 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 document filed with the SEC, which is available through this link. Also, Director Rick R. Holley sold 227,341 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were 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.
Shares of Weyerhaeuser Company (NYSE:WY) traded down $0.02 during trading hours on Monday, reaching $36.17. 709,600 shares of the company traded hands, compared to its average volume of 3,337,342. The firm has a market capitalization of $27,300.00, a PE ratio of 36.91, a price-to-earnings-growth ratio of 6.17 and a beta of 1.46. Weyerhaeuser Company has a 52-week low of $29.81 and a 52-week high of $36.92. 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 (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The firm 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%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. research analysts predict that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.32 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.28 annualized dividend and a yield of 3.54%. Weyerhaeuser’s dividend payout ratio (DPR) is 253.06%.
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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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