Laurel Wealth Advisors Inc. raised its holdings in Weyerhaeuser Co (NYSE:WY) by 15.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,871 shares of the real estate investment trust’s stock after buying an additional 8,209 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Weyerhaeuser were worth $2,200,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ontario Teachers Pension Plan Board boosted its stake in shares of Weyerhaeuser by 61.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 133,012 shares of the real estate investment trust’s stock valued at $4,690,000 after purchasing an additional 50,672 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Weyerhaeuser by 7.4% in the 4th quarter. Xact Kapitalforvaltning AB now owns 143,176 shares of the real estate investment trust’s stock valued at $5,048,000 after purchasing an additional 9,921 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Weyerhaeuser by 1.3% in the 4th quarter. Rhumbline Advisers now owns 1,512,558 shares of the real estate investment trust’s stock valued at $53,333,000 after purchasing an additional 19,302 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Weyerhaeuser by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 11,135,004 shares of the real estate investment trust’s stock valued at $392,620,000 after purchasing an additional 30,203 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at $248,000. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
WY has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, April 17th. Citigroup boosted their target price on shares of Weyerhaeuser from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $38.00.
NYSE WY traded up $0.03 on Monday, hitting $36.98. 45,671 shares of the company were exchanged, compared to its average volume of 3,957,807. The company has a market cap of $27.97 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 4.91 and a beta of 1.38. The company has a quick ratio of 1.62, a current ratio of 2.11 and a debt-to-equity ratio of 0.69. Weyerhaeuser Co has a 1-year low of $30.95 and a 1-year high of $38.39.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.83 billion. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. equities analysts expect that Weyerhaeuser Co will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.28 annualized dividend and a yield of 3.46%. Weyerhaeuser’s dividend payout ratio (DPR) is 111.30%.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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