Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser (NYSE:WY – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 929 shares of the real estate investment trust’s stock, valued at approximately $28,000.
Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in Weyerhaeuser in the 4th quarter worth approximately $485,095,000. Price T Rowe Associates Inc. MD increased its stake in shares of Weyerhaeuser by 15.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 46,308,945 shares of the real estate investment trust’s stock worth $1,435,577,000 after acquiring an additional 6,333,675 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Weyerhaeuser by 51.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,572,652 shares of the real estate investment trust’s stock worth $110,752,000 after purchasing an additional 1,208,077 shares during the last quarter. Amundi lifted its position in Weyerhaeuser by 26.6% during the fourth quarter. Amundi now owns 4,152,070 shares of the real estate investment trust’s stock valued at $132,617,000 after purchasing an additional 871,579 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Weyerhaeuser by 109.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,645,293 shares of the real estate investment trust’s stock valued at $51,004,000 after purchasing an additional 860,740 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
Insider Buying and Selling at Weyerhaeuser
In other news, SVP Denise M. Merle sold 5,719 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $28.54, for a total transaction of $163,220.26. Following the completion of the sale, the senior vice president now owns 154,788 shares of the company’s stock, valued at $4,417,649.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Denise M. Merle sold 5,719 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $28.54, for a total transaction of $163,220.26. Following the transaction, the senior vice president now directly owns 154,788 shares in the company, valued at approximately $4,417,649.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Denise M. Merle sold 1,781 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $30.00, for a total value of $53,430.00. Following the completion of the sale, the senior vice president now directly owns 160,507 shares of the company’s stock, valued at approximately $4,815,210. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
Weyerhaeuser Stock Up 0.4 %
Weyerhaeuser (NYSE:WY – Get Free Report) last posted its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.09. Weyerhaeuser had a return on equity of 13.37% and a net margin of 14.07%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $1.31 EPS. Weyerhaeuser’s revenue was down 13.9% compared to the same quarter last year. Equities analysts predict that Weyerhaeuser will post 0.9 EPS for the current fiscal year.
Weyerhaeuser Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, June 1st. Weyerhaeuser’s dividend payout ratio is currently 44.44%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. StockNews.com began coverage on Weyerhaeuser in a report on Thursday, May 18th. They issued a “hold” rating for the company. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $38.00 in a research report on Monday. DA Davidson boosted their target price on shares of Weyerhaeuser from $35.00 to $40.00 in a research note on Friday, July 7th. Citigroup lowered their price target on shares of Weyerhaeuser from $39.00 to $36.00 in a report on Thursday, April 6th. Finally, SpectralCast reaffirmed a “maintains” rating on shares of Weyerhaeuser in a report on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.67.
Weyerhaeuser Company Profile
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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