WINTON GROUP Ltd Increases Holdings in Weyerhaeuser Company (WY)
WINTON GROUP Ltd raised its position in Weyerhaeuser Company (NYSE:WY) by 21.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 23,195 shares of the real estate investment trust’s stock after purchasing an additional 4,102 shares during the period. WINTON GROUP Ltd’s holdings in Weyerhaeuser were worth $789,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in WY. Dimensional Fund Advisors LP increased its position in shares of Weyerhaeuser by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 311,332 shares of the real estate investment trust’s stock worth $10,578,000 after purchasing an additional 8,370 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 20 shares during the last quarter. Buffington Mohr McNeal acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $333,000. BTR Capital Management Inc. increased its position in shares of Weyerhaeuser by 0.4% during the 2nd quarter. BTR Capital Management Inc. now owns 240,424 shares of the real estate investment trust’s stock worth $8,054,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Weyerhaeuser by 518.2% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 123,323 shares of the real estate investment trust’s stock worth $4,131,000 after purchasing an additional 103,373 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.
In other news, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the transaction, the insider now directly owns 98,973 shares in the company, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. In the last three months, insiders sold 296,623 shares of company stock worth $10,452,392. Corporate insiders own 1.20% of the company’s stock.
WY has been the subject of a number of recent analyst reports. BMO Capital Markets downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $28.58 to $36.00 in a research report on Monday, August 14th. JMP Securities downgraded Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a research report on Monday, August 14th. BidaskClub downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. TheStreet downgraded Weyerhaeuser from a “b-” rating to a “c+” rating in a research report on Friday, August 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $40.00 target price on shares of Weyerhaeuser in a research report on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $37.20.
Weyerhaeuser Company (NYSE:WY) traded up $0.05 on Thursday, reaching $35.24. The company’s stock had a trading volume of 2,235,000 shares, compared to its average volume of 3,324,209. The firm has a market capitalization of $26,562.44, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 5.99 and a beta of 1.45. Weyerhaeuser Company has a 52 week low of $29.81 and a 52 week high of $36.92. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. sell-side analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s payout ratio is presently 112.28%.
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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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