Girard Partners LTD. Invests $207,000 in Weyerhaeuser Co (WY) Stock
Girard Partners LTD. bought a new stake in shares of Weyerhaeuser Co (NYSE:WY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,877 shares of the real estate investment trust’s stock, valued at approximately $207,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Exane Derivatives lifted its position in Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,845 shares during the period. Barrett Asset Management LLC lifted its position in Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,584 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Weyerhaeuser by 60.5% in the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,453 shares during the period. Cornerstone Advisors Inc. raised its position in shares of Weyerhaeuser by 324.7% in the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 3,490 shares during the period. Finally, Boston Private Wealth LLC acquired a new position in shares of Weyerhaeuser in the third quarter worth about $206,000. Institutional investors own 74.69% of the company’s stock.
WY has been the subject of a number of analyst reports. Argus upped their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Stephens initiated coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research report on Saturday, January 13th. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.44.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. sell-side analysts expect that Weyerhaeuser Co will post 1.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.73%. Weyerhaeuser’s dividend payout ratio is currently 166.23%.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the completion of the sale, the insider now owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.
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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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