SeaBridge Investment Advisors LLC Reduces Holdings in Weyerhaeuser Co (WY)

SeaBridge Investment Advisors LLC cut its holdings in Weyerhaeuser Co (NYSE:WY) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,820 shares of the real estate investment trust’s stock after selling 19,059 shares during the quarter. Weyerhaeuser comprises about 1.7% of SeaBridge Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. SeaBridge Investment Advisors LLC’s holdings in Weyerhaeuser were worth $6,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC raised its holdings in Weyerhaeuser by 3,578.5% during the 1st quarter. Private Capital Group LLC now owns 2,906 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 2,827 shares during the period. Interactive Financial Advisors raised its holdings in Weyerhaeuser by 145.1% during the 2nd quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,714 shares during the period. Summit Trail Advisors LLC raised its holdings in Weyerhaeuser by 3,813.4% during the 1st quarter. Summit Trail Advisors LLC now owns 108,400 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 105,630 shares during the period. Westbourne Investment Advisors Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter worth about $129,000. Finally, Quad Cities Investment Group LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth about $136,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.

NYSE:WY traded up $0.59 on Friday, hitting $28.45. 146,156 shares of the company’s stock traded hands, compared to its average volume of 4,855,220. 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 $27.68 and a 1 year high of $38.39. The stock has a market cap of $21.45 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.64 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Weyerhaeuser Co will post 1.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.78%. The ex-dividend date was Thursday, September 13th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.32. Weyerhaeuser’s payout ratio is 118.26%.

Several analysts have issued reports on WY shares. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, DA Davidson restated a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Hold” and a consensus price target of $38.25.

Weyerhaeuser Profile

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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