Adalta Capital Management LLC cut its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 52.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,875 shares of the real estate investment trust’s stock after selling 79,475 shares during the period. Weyerhaeuser accounts for about 1.5% of Adalta Capital Management LLC’s holdings, making the stock its 23rd biggest position. Adalta Capital Management LLC’s holdings in Weyerhaeuser were worth $1,571,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in WY. Westside Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 160.0% during the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the period. CNB Bank lifted its holdings in Weyerhaeuser by 784.0% in the fourth quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,176 shares during the period. Mackey Komara & Dankovich LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at $31,000. Rehmann Capital Advisory Group lifted its holdings in Weyerhaeuser by 37.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 442 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 76.64% of the company’s stock.
A number of equities research analysts have commented on WY shares. Bank of America downgraded Weyerhaeuser to a “hold” rating and set a $35.00 target price for the company. in a report on Thursday, December 20th. Raymond James set a $29.00 price target on Weyerhaeuser and gave the stock a “buy” rating in a research note on Tuesday, January 8th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Seaport Global Securities began coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They set a “buy” rating and a $30.00 price target for the company. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Weyerhaeuser presently has an average rating of “Buy” and a consensus target price of $33.22.
In related news, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $26.32, for a total transaction of $210,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.35% of the company’s stock.
NYSE:WY opened at $25.76 on Friday. The firm has a market cap of $19.23 billion, a PE ratio of 21.83, a PEG ratio of 5.68 and a beta of 1.65. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.63. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $38.39.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, analysts expect that Weyerhaeuser Co will post 0.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s dividend payout ratio is presently 115.25%.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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