Sequoia Financial Advisors LLC boosted its stake in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,709 shares of the real estate investment trust’s stock after purchasing an additional 4,258 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Weyerhaeuser were worth $2,099,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Financial Advocates Investment Management raised its stake in shares of Weyerhaeuser by 7.7% in the 3rd quarter. Financial Advocates Investment Management now owns 7,348 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 528 shares in the last quarter. First Republic Investment Management Inc. raised its stake in shares of Weyerhaeuser by 9.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 347,464 shares of the real estate investment trust’s stock valued at $9,924,000 after buying an additional 30,881 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Weyerhaeuser by 3.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 406,727 shares of the real estate investment trust’s stock valued at $11,616,000 after buying an additional 12,332 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Weyerhaeuser by 303.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 75,602 shares of the real estate investment trust’s stock valued at $2,344,000 after buying an additional 56,855 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Weyerhaeuser by 0.5% in the 3rd quarter. Utah Retirement Systems now owns 133,645 shares of the real estate investment trust’s stock valued at $3,817,000 after buying an additional 600 shares in the last quarter. 80.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on WY. Citigroup increased their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. BMO Capital Markets lowered their target price on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating on the stock in a report on Monday, February 6th. StockNews.com assumed coverage on shares of Weyerhaeuser in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Raymond James upped their target price on shares of Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a report on Monday, February 13th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.43.
Weyerhaeuser Stock Up 0.8 %
Weyerhaeuser (NYSE:WY – Get Rating) last issued its quarterly earnings data on Friday, January 27th. The real estate investment trust reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Weyerhaeuser had a net margin of 18.46% and a return on equity of 21.08%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s revenue was down 17.4% on a year-over-year basis. Equities research analysts anticipate that Weyerhaeuser will post 1.05 EPS for the current fiscal year.
Weyerhaeuser Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Thursday, March 2nd. Weyerhaeuser’s dividend payout ratio is currently 30.04%.
Insiders Place Their Bets
In other Weyerhaeuser news, CEO Devin W. Stockfish sold 1,800 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $36.00, for a total transaction of $64,800.00. Following the sale, the chief executive officer now owns 567,381 shares of the company’s stock, valued at approximately $20,425,716. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.
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