Weyerhaeuser Company $WY Shares Bought by Cultivar Capital Inc.

Cultivar Capital Inc. boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 653,885 shares of the real estate investment trust’s stock after buying an additional 38,588 shares during the period. Weyerhaeuser makes up about 7.6% of Cultivar Capital Inc.’s portfolio, making the stock its 5th largest position. Cultivar Capital Inc. owned approximately 0.09% of Weyerhaeuser worth $12,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. Cohen Capital Management Inc. bought a new position in Weyerhaeuser during the 3rd quarter valued at $1,407,000. State Street Corp increased its holdings in Weyerhaeuser by 3.3% during the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock worth $821,117,000 after buying an additional 1,106,553 shares during the last quarter. Security National Bank of Sioux City Iowa IA purchased a new position in Weyerhaeuser in the second quarter valued at about $57,000. Integrated Wealth Concepts LLC increased its stake in shares of Weyerhaeuser by 88.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,919 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 16,360 shares during the last quarter. Finally, Nykredit A S purchased a new position in Weyerhaeuser in the second quarter valued at approximately $2,074,000. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WY. Citigroup reduced their target price on shares of Weyerhaeuser from $29.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Seaport Research Partners set a $30.00 price objective on Weyerhaeuser in a report on Thursday, October 8th. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and cut their price objective for the company from $28.00 to $25.00 in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Finally, Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average price target of $27.22.

Weyerhaeuser Trading Down 0.4%

Shares of WY traded down $0.07 during mid-day trading on Wednesday, reaching $18.90. The company’s stock had a trading volume of 8,637,043 shares, compared to its average volume of 6,176,864. The stock has a market cap of $13.62 billion, a PE ratio of 29.07, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 52 week low of $18.25 and a 52 week high of $27.75. The company’s fifty day moving average price is $22.23 and its two-hundred day moving average price is $23.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. On average, analysts predict that Weyerhaeuser Company will post 0.28 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.4%. Weyerhaeuser’s dividend payout ratio is presently 129.23%.

Weyerhaeuser Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.