Bridges Investment Management Inc. decreased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,068 shares of the real estate investment trust’s stock after selling 1,133 shares during the period. Bridges Investment Management Inc.’s holdings in Weyerhaeuser were worth $213,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WY. Westside Investment Management Inc. grew its stake in shares of Weyerhaeuser by 160.0% in the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares in the last quarter. CNB Bank grew its stake in shares of Weyerhaeuser by 784.0% in the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,176 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth $31,000. Investors Research Corp bought a new stake in shares of Weyerhaeuser in the 1st quarter worth $31,000. Finally, Truvestments Capital LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth $32,000. Hedge funds and other institutional investors own 76.36% of the company’s stock.
NYSE:WY traded down $0.01 on Wednesday, reaching $22.57. 5,997,133 shares of the company’s stock were exchanged, compared to its average volume of 4,735,590. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $17.14 billion, a PE ratio of 19.13, a P/E/G ratio of 7.21 and a beta of 1.64. Weyerhaeuser Co has a 52 week low of $20.52 and a 52 week high of $38.39.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.68 billion. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Analysts anticipate that Weyerhaeuser Co will post 0.64 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.36 dividend on an annualized basis and a yield of 6.03%. Weyerhaeuser’s dividend payout ratio is presently 115.25%.
Several research firms recently weighed in on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, March 11th. ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price target for the company in a research report on Friday, April 5th. Finally, Seaport Global Securities began coverage on shares of Weyerhaeuser in a research report on Tuesday, April 2nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.10.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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