Wellington Shields Capital Management LLC increased its stake in Weyerhaeuser Co (NYSE:WY) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,913 shares of the real estate investment trust’s stock after purchasing an additional 1,900 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Weyerhaeuser were worth $1,133,000 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. Allworth Financial LP grew its position in shares of Weyerhaeuser by 85.7% in the third quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 427 shares in the last quarter. NuWave Investment Management LLC bought a new stake in Weyerhaeuser during the second quarter valued at $30,000. Rational Advisors LLC bought a new stake in Weyerhaeuser during the second quarter valued at $30,000. NEXT Financial Group Inc boosted its stake in Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 789 shares during the period. Finally, Personal Wealth Partners bought a new stake in Weyerhaeuser during the second quarter valued at $33,000. Institutional investors own 77.00% of the company’s stock.
WY stock traded down $0.09 during mid-day trading on Monday, hitting $29.54. 1,930,559 shares of the stock were exchanged, compared to its average volume of 4,306,938. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.55 and a quick ratio of 1.22. The business has a fifty day moving average price of $28.28 and a 200 day moving average price of $26.19. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $30.28. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 25.03 and a beta of 1.66.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a positive return on equity of 3.78% and a negative net margin of 2.33%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts forecast that Weyerhaeuser Co will post 0.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.60%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.
WY has been the subject of several research analyst reports. Scotiabank set a $28.50 price objective on Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. ValuEngine raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. BMO Capital Markets set a $32.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. Bank of America set a $31.00 price objective on Weyerhaeuser and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus price target of $30.93.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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