Weyerhaeuser (NYSE:WY) Stock Position Decreased by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its stake in shares of Weyerhaeuser (NYSE:WYGet Rating) by 3.8% during the third quarter, HoldingsChannel.com reports. The fund owned 64,516 shares of the real estate investment trust’s stock after selling 2,577 shares during the period. Kestra Advisory Services LLC’s holdings in Weyerhaeuser were worth $1,843,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. M&T Bank Corp increased its holdings in shares of Weyerhaeuser by 13.4% during the 2nd quarter. M&T Bank Corp now owns 201,869 shares of the real estate investment trust’s stock valued at $6,124,000 after acquiring an additional 23,908 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Weyerhaeuser by 21.5% during the 2nd quarter. Virtu Financial LLC now owns 18,393 shares of the real estate investment trust’s stock valued at $609,000 after acquiring an additional 3,260 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Weyerhaeuser during the 2nd quarter valued at about $57,920,000. Aviva PLC increased its holdings in shares of Weyerhaeuser by 39.4% during the 2nd quarter. Aviva PLC now owns 271,252 shares of the real estate investment trust’s stock valued at $8,984,000 after acquiring an additional 76,608 shares during the last quarter. Finally, Northwest Investment Counselors LLC increased its holdings in shares of Weyerhaeuser by 18.3% during the 3rd quarter. Northwest Investment Counselors LLC now owns 2,585 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 80.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DA Davidson lowered their target price on Weyerhaeuser from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Wednesday, October 19th. StockNews.com assumed coverage on Weyerhaeuser in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Raymond James lowered their target price on Weyerhaeuser from $39.00 to $38.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 3rd. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.50.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $32.03 on Monday. Weyerhaeuser has a 1-year low of $27.36 and a 1-year high of $43.04. The firm has a market capitalization of $23.57 billion, a PE ratio of 10.47 and a beta of 1.46. The business’s 50 day moving average is $31.67 and its 200-day moving average is $32.38. The company has a current ratio of 2.89, a quick ratio of 2.38 and a debt-to-equity ratio of 0.46.

Weyerhaeuser (NYSE:WYGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.05. Weyerhaeuser had a return on equity of 22.91% and a net margin of 21.62%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $0.60 EPS. Weyerhaeuser’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 2.95 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, December 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Thursday, December 1st. Weyerhaeuser’s payout ratio is presently 23.53%.

Weyerhaeuser Profile

(Get Rating)

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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