Bessemer Group Inc. Has $287,000 Position in Weyerhaeuser Co (WY)
Bessemer Group Inc. cut its holdings in Weyerhaeuser Co (NYSE:WY) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,128 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. Bessemer Group Inc.’s holdings in Weyerhaeuser were worth $287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Exane Derivatives lifted its stake in Weyerhaeuser by 94,833.3% in the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 2,845 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Weyerhaeuser by 60.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,453 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in Weyerhaeuser by 324.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 3,490 shares in the last quarter. Boston Private Wealth LLC purchased a new stake in Weyerhaeuser in the 3rd quarter worth approximately $206,000. Finally, Sky Investment Group LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $207,000. 74.69% of the stock is owned by institutional investors.
Several analysts have issued reports on WY shares. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 target price on the stock. Argus increased their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Saturday, January 6th. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $37.44.
Shares of Weyerhaeuser Co (NYSE:WY) opened at $34.21 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. The firm has a market cap of $25,820.00, a price-to-earnings ratio of 44.43, a PEG ratio of 5.04 and a beta of 1.42. Weyerhaeuser Co has a 52-week low of $30.95 and a 52-week high of $37.89.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 net margin of 8.09% and a return on equity of 9.62%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. sell-side analysts expect that Weyerhaeuser Co will post 1.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, March 1st. Weyerhaeuser’s dividend payout ratio (DPR) is currently 166.23%.
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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