Creative Planning increased its position in shares of Weyerhaeuser Co. (NYSE:WY) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,874 shares of the real estate investment trust’s stock after buying an additional 1,823 shares during the period. Creative Planning’s holdings in Weyerhaeuser were worth $2,040,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Perkins Coie Trust Co boosted its position in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 100 shares during the last quarter. Alexandria Capital LLC boosted its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,919 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. AXA acquired a new position in Weyerhaeuser during the first quarter worth approximately $139,000. Integrated Investment Consultants LLC boosted its position in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 2,280 shares during the last quarter. Finally, M&R Capital Management Inc. acquired a new position in Weyerhaeuser during the second quarter worth approximately $164,000. 76.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Weyerhaeuser Co. (NYSE:WY) traded up 0.60% during midday trading on Friday, hitting $32.00. The company had a trading volume of 1,687,457 shares. The company’s 50-day moving average price is $30.52 and its 200 day moving average price is $30.93. Weyerhaeuser Co. has a 12-month low of $22.06 and a 12-month high of $33.17. The company has a market capitalization of $23.94 billion, a price-to-earnings ratio of 41.56 and a beta of 1.39.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 7.88% and a return on equity of 7.05%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Equities research analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, October 28th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Wednesday, October 26th. Weyerhaeuser’s payout ratio is presently 169.86%.
A number of equities analysts recently commented on WY shares. DA Davidson cut Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Monday, August 8th. Citigroup Inc. lifted their price target on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Dundee Securities cut Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Argus restated a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. initiated coverage on Weyerhaeuser in a report on Thursday, September 22nd. They set a “buy” rating and a $37.00 price objective for the company. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $35.50.
In other Weyerhaeuser news, SVP Denise M. Merle sold 15,049 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $31.12, for a total value of $468,324.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.