Valeo Financial Advisors LLC boosted its stake in shares of Weyerhaeuser Co (NYSE:WY) by 22.9% during the 4th quarter, HoldingsChannel reports. The firm owned 57,375 shares of the real estate investment trust’s stock after buying an additional 10,688 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Weyerhaeuser were worth $2,023,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Ridge Investment Management lifted its position in shares of Weyerhaeuser by 3.0% in the fourth quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock valued at $6,676,000 after acquiring an additional 5,439 shares in the last quarter. Trust Co. of Vermont lifted its position in shares of Weyerhaeuser by 4.3% in the third quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock worth $2,668,000 after buying an additional 3,231 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Weyerhaeuser by 8.2% in the third quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after buying an additional 27,233 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Weyerhaeuser by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after buying an additional 7,084 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Weyerhaeuser by 11.8% in the third quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after buying an additional 19,570 shares in the last quarter. Institutional investors own 74.53% of the company’s stock.
A number of equities research analysts recently commented on the company. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Zacks Investment Research cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Argus boosted their price objective on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. One 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 company presently has a consensus rating of “Hold” and an average price target of $37.44.
Weyerhaeuser Co (NYSE:WY) opened at $35.18 on Monday. The company has a market capitalization of $26,599.52, a P/E ratio of 45.69, a PEG ratio of 5.25 and a beta of 1.42. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. sell-side analysts forecast that Weyerhaeuser Co will post 1.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.64%. Weyerhaeuser’s dividend payout ratio is 166.24%.
TRADEMARK VIOLATION NOTICE: “Valeo Financial Advisors LLC Has $2.02 Million Position in Weyerhaeuser Co (WY)” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/02/19/valeo-financial-advisors-llc-has-2-02-million-position-in-weyerhaeuser-co-wy.html.
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.
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (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.