Weyerhaeuser Company (WY) Shares Bought by Capital World Investors
Capital World Investors boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 67.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,695,470 shares of the real estate investment trust’s stock after purchasing an additional 7,096,454 shares during the quarter. Capital World Investors owned about 2.35% of Weyerhaeuser worth $592,798,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Barnett & Company Inc. acquired a new stake in Weyerhaeuser during the second quarter worth approximately $101,000. First Personal Financial Services lifted its position in shares of Weyerhaeuser by 90.7% during the 1st quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $109,000. Alexandria Capital LLC lifted its position in shares of Weyerhaeuser by 0.3% during the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC lifted its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. 75.23% of the stock is owned by hedge funds and other institutional investors.
Weyerhaeuser Company (NYSE:WY) traded up 0.3221% during midday trading on Tuesday, reaching $34.2299. The company’s stock had a trading volume of 218,762 shares. The company’s 50-day moving average price is $32.69 and its 200-day moving average price is $33.27. Weyerhaeuser Company has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 26.9103 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 97.64%.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Friday, July 7th. BMO Capital Markets reissued a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Friday, June 23rd. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. 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 for the company. in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $37.25.
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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