Uncommon Cents Investing LLC bought a new position in shares of Weyerhaeuser Co (NYSE:WY) in the fourth quarter, HoldingsChannel reports. The firm bought 94,309 shares of the real estate investment trust’s stock, valued at approximately $3,540,000. Weyerhaeuser accounts for 2.3% of Uncommon Cents Investing LLC’s portfolio, making the stock its 13th largest position.
A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Weyerhaeuser by 0.6% in the fourth quarter. BlackRock Inc. now owns 50,358,161 shares of the real estate investment trust’s stock valued at $1,775,629,000 after acquiring an additional 311,144 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Weyerhaeuser by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock valued at $1,283,373,000 after acquiring an additional 951,807 shares during the period. American Century Companies Inc. boosted its position in shares of Weyerhaeuser by 5.8% in the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock valued at $580,508,000 after acquiring an additional 934,684 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Weyerhaeuser by 4.5% in the third quarter. Neuberger Berman Group LLC now owns 10,063,324 shares of the real estate investment trust’s stock valued at $342,455,000 after acquiring an additional 434,964 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Weyerhaeuser by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 9,491,183 shares of the real estate investment trust’s stock valued at $322,797,000 after acquiring an additional 813,226 shares during the period. 74.69% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. TheStreet raised Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Argus increased their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Stephens assumed coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.44.
Weyerhaeuser Co (NYSE:WY) opened at $35.18 on Friday. The company has a market capitalization of $26,568.75, a price-to-earnings ratio of 30.59, a P/E/G ratio of 5.25 and a beta of 1.42. Weyerhaeuser Co has a 12-month low of $30.95 and a 12-month high of $37.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share. analysts predict that Weyerhaeuser Co will post 1.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be given a $0.32 dividend. The ex-dividend date is Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 3.64%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 166.24%.
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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