Commonwealth Equity Services LLC decreased its position in Weyerhaeuser (NYSE:WY) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,207 shares of the real estate investment trust’s stock after selling 62,392 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Weyerhaeuser were worth $6,622,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exane Derivatives raised its position in Weyerhaeuser by 5,064.7% in the third quarter. Exane Derivatives now owns 878 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 861 shares during the period. Campbell Wealth Management acquired a new position in shares of Weyerhaeuser in the second quarter worth $29,000. Winslow Evans & Crocker Inc. acquired a new position in shares of Weyerhaeuser in the third quarter worth $29,000. Estabrook Capital Management grew its stake in shares of Weyerhaeuser by 51.4% in the second quarter. Estabrook Capital Management now owns 1,325 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 450 shares in the last quarter. Finally, Watson Rebecca acquired a new position in shares of Weyerhaeuser in the second quarter worth $31,000. 77.46% of the stock is currently owned by institutional investors.
In other news, SVP James A. Kilberg sold 35,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $30.50, for a total value of $1,067,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 34,400 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $28.62, for a total transaction of $984,528.00. Following the completion of the sale, the director now directly owns 25,001 shares of the company’s stock, valued at $715,528.62. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.
NYSE WY opened at $29.14 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.28 and a quick ratio of 1.72. Weyerhaeuser has a 1 year low of $13.10 and a 1 year high of $31.58. The company has a market capitalization of $21.75 billion, a PE ratio of 71.07 and a beta of 1.96. The company has a fifty day moving average of $28.68 and a two-hundred day moving average of $25.53.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.13. Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Weyerhaeuser’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser will post 0.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be paid a $0.17 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $0.68 annualized dividend and a yield of 2.33%.
Several research firms have commented on WY. Raymond James restated a “hold” rating on shares of Weyerhaeuser in a research note on Monday, September 14th. Bank of America boosted their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. BMO Capital Markets boosted their price target on shares of Weyerhaeuser from $23.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Citigroup boosted their price target on shares of Weyerhaeuser from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Royal Bank of Canada boosted their price target on shares of Weyerhaeuser from $30.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.56.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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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