Peloton Wealth Strategists lessened its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,920 shares of the real estate investment trust’s stock after selling 3,080 shares during the quarter. Peloton Wealth Strategists’ holdings in Weyerhaeuser were worth $1,857,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Capital Group LLC boosted its holdings in shares of Weyerhaeuser by 3,578.5% during the first quarter. Private Capital Group LLC now owns 2,906 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 2,827 shares during the period. Interactive Financial Advisors boosted its holdings in shares of Weyerhaeuser by 145.1% during the second quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 1,714 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Weyerhaeuser by 3,813.4% during the first quarter. Summit Trail Advisors LLC now owns 108,400 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 105,630 shares during the period. Optimum Investment Advisors bought a new stake in shares of Weyerhaeuser during the first quarter worth approximately $112,000. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth approximately $136,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

WY has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus price target of $38.50.

NYSE WY opened at $34.06 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.18 and a quick ratio of 1.77. Weyerhaeuser Co has a 1-year low of $32.85 and a 1-year high of $38.39. The company has a market capitalization of $26.13 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 4.39 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Weyerhaeuser had a net margin of 12.94% and a return on equity of 12.15%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. sell-side analysts anticipate that Weyerhaeuser Co will post 1.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.99%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, September 13th. Weyerhaeuser’s payout ratio is presently 111.30%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

See Also: Book Value Per Share – BVPS

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.