Weyerhaeuser Co (WY) Position Lifted by Pinnacle Financial Partners Inc.
Pinnacle Financial Partners Inc. increased its position in shares of Weyerhaeuser Co (NYSE:WY) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,128 shares of the real estate investment trust’s stock after acquiring an additional 7,303 shares during the quarter. Pinnacle Financial Partners Inc.’s holdings in Weyerhaeuser were worth $2,296,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Advisor Networks LLC raised its stake in shares of Weyerhaeuser by 27.6% during the 4th quarter. Cetera Advisor Networks LLC now owns 23,276 shares of the real estate investment trust’s stock worth $819,000 after acquiring an additional 5,029 shares in the last quarter. Barings LLC raised its stake in shares of Weyerhaeuser by 179.5% during the 4th quarter. Barings LLC now owns 1,289,013 shares of the real estate investment trust’s stock worth $45,451,000 after acquiring an additional 827,804 shares in the last quarter. American Research & Management Co. raised its stake in shares of Weyerhaeuser by 1.3% during the 4th quarter. American Research & Management Co. now owns 161,101 shares of the real estate investment trust’s stock worth $5,680,000 after acquiring an additional 1,989 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Weyerhaeuser by 3.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 72,369 shares of the real estate investment trust’s stock worth $2,552,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Sentry Investment Management LLC raised its stake in shares of Weyerhaeuser by 3.0% during the 4th quarter. Sentry Investment Management LLC now owns 58,495 shares of the real estate investment trust’s stock worth $2,063,000 after acquiring an additional 1,730 shares in the last quarter. Hedge funds and other institutional investors own 74.69% of the company’s stock.
A number of research analysts have issued reports on WY shares. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Saturday, January 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.44.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities research analysts expect that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be issued a $0.32 dividend. 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 166.24%.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the sale, the insider now directly owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.
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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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