Today, Marble Harbor Investment Counsel LLC Reached $506,000 position of Weyerhaeuser Co. (WY)

Today, Marble Harbor Investment Counsel LLC Reached $506,000 position  of Weyerhaeuser Co. (WY)

Marble Harbor Investment Counsel LLC held its position in Weyerhaeuser Co. (NYSE:WY) during the third quarter, Holdings Channel reports. The firm owned 15,840 shares of the real estate investment trust’s stock at the end of the third quarter. Marble Harbor Investment Counsel LLC’s holdings in Weyerhaeuser were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WY. Raymond James Trust N.A. increased its stake in Weyerhaeuser by 1.5% in the second quarter. Raymond James Trust N.A. now owns 38,188 shares of the real estate investment trust’s stock worth $1,138,000 after buying an additional 555 shares during the last quarter. Patten & Patten Inc. TN increased its stake in Weyerhaeuser by 0.6% in the second quarter. Patten & Patten Inc. TN now owns 564,206 shares of the real estate investment trust’s stock worth $16,796,000 after buying an additional 3,630 shares during the last quarter. Stock Yards Bank & Trust Co. increased its stake in Weyerhaeuser by 4.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 14,965 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 659 shares during the last quarter. Integrated Investment Consultants LLC increased its stake 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, First Financial Bank N.A. Trust Division increased its stake in Weyerhaeuser by 1.5% in the second quarter. First Financial Bank N.A. Trust Division now owns 6,990 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 100 shares during the last quarter. 76.23% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Co. (NYSE:WY) traded up 0.60% during trading on Friday, hitting $32.00. The stock had a trading volume of 1,687,457 shares. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 41.56 and a beta of 1.39. The stock has a 50 day moving average price of $30.50 and a 200-day moving average price of $30.93. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. The business earned $1.66 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. Weyerhaeuser’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. On average, equities analysts predict that Weyerhaeuser Co. will post $1.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, October 28th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, October 26th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 169.86%.

WY has been the subject of a number of recent research reports. Citigroup Inc. boosted their target price on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Goldman Sachs Group Inc. initiated coverage on Weyerhaeuser in a research report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 target price for the company. Argus restated a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research report on Tuesday, September 20th. BMO Capital Markets restated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Thursday, November 10th. Finally, Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.50.

In other news, SVP Denise M. Merle sold 15,049 shares of Weyerhaeuser stock in a transaction on Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company’s stock.

About Weyerhaeuser

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co. (NYSE:WY).

Receive News & Ratings for Weyerhaeuser Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Weyerhaeuser Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment