Everett Harris & Co. CA Has $3.15 Million Stake in Weyerhaeuser Company (WY)
Everett Harris & Co. CA boosted its stake in Weyerhaeuser Company (NYSE:WY) by 15.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 93,878 shares of the real estate investment trust’s stock after buying an additional 12,775 shares during the period. Everett Harris & Co. CA’s holdings in Weyerhaeuser were worth $3,145,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barnett & Company Inc. bought a new position in shares of Weyerhaeuser during the second quarter valued at about $101,000. First Personal Financial Services boosted its position in shares of Weyerhaeuser by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Weyerhaeuser during the second quarter valued at about $109,000. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the last quarter. Finally, Gemmer Asset Management LLC boosted its position in shares of Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.
Weyerhaeuser Company (NYSE:WY) opened at 31.70 on Monday. The stock has a market cap of $23.87 billion, a P/E ratio of 24.92 and a beta of 1.40. The firm’s 50-day moving average is $32.66 and its 200-day moving average is $33.35. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post $1.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, September 7th. Weyerhaeuser’s payout ratio is presently 97.64%.
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Several research analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. BidaskClub cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. JMP Securities cut shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a report on Monday, August 14th. TheStreet cut shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, August 18th. Finally, ValuEngine upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $37.00.
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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