Public Employees Retirement System of Ohio decreased its stake in Weyerhaeuser Company (NYSE:WY) by 19.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,106 shares of the real estate investment trust’s stock after selling 110,382 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Weyerhaeuser worth $14,844,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Weyerhaeuser by 3,527.2% in the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock valued at $1,857,812,000 after acquiring an additional 53,166,351 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Weyerhaeuser by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock valued at $1,655,198,000 after acquiring an additional 1,535,736 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Weyerhaeuser by 3.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock valued at $1,231,500,000 after acquiring an additional 1,181,780 shares in the last quarter. State Street Corp grew its holdings in shares of Weyerhaeuser by 0.8% in the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock valued at $1,064,520,000 after acquiring an additional 245,129 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Weyerhaeuser by 67.0% in the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after acquiring an additional 7,096,454 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.
WY has been the subject of several analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. BidaskClub upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research note on Monday, July 31st. Finally, Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their target price for the company from $36.00 to $35.00 in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $37.25.
Shares of Weyerhaeuser Company (NYSE:WY) traded down 0.328% during midday trading on Tuesday, reaching $34.905. 179,060 shares of the company traded hands. The firm has a market capitalization of $26.28 billion, a PE ratio of 27.441 and a beta of 1.39. The company has a 50-day moving average of $33.45 and a 200 day moving average of $33.34. Weyerhaeuser Company has a 12-month low of $28.58 and a 12-month high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser Company will post $1.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s payout ratio is 97.64%.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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