Weyerhaeuser Company (WY) Director Sells $7,968,302.05 in Stock
Weyerhaeuser Company (NYSE:WY) Director Rick R. Holley sold 227,341 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Weyerhaeuser Company (NYSE:WY) traded up 0.03% during midday trading on Tuesday, hitting $35.03. 1,649,518 shares of the stock traded hands. The firm’s 50-day moving average is $33.45 and its 200-day moving average is $33.34. The company has a market cap of $26.38 billion, a price-to-earnings ratio of 27.54 and a beta of 1.39. Weyerhaeuser Company has a 52-week low of $28.58 and a 52-week high of $35.50.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. Analysts predict that Weyerhaeuser Company will post $1.06 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 97.64%.
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A number of large investors have recently added to or reduced their stakes in WY. BlackRock Inc. lifted its stake in Weyerhaeuser by 3,527.2% in the first quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after acquiring an additional 53,166,351 shares during the period. Capital World Investors lifted its stake in Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after acquiring an additional 7,096,454 shares during the period. Vanguard Group Inc. lifted its stake in Weyerhaeuser by 3.4% in the first quarter. Vanguard Group Inc. now owns 47,873,124 shares of the real estate investment trust’s stock worth $1,626,729,000 after acquiring an additional 1,553,556 shares during the period. Janus Henderson Group PLC lifted its stake in Weyerhaeuser by 1,559.9% in the second quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after acquiring an additional 1,389,961 shares during the period. Finally, American Century Companies Inc. lifted its stake in Weyerhaeuser by 8.6% in the second quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after acquiring an additional 1,273,679 shares during the period. 75.23% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Friday, June 23rd. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Bank of America Corporation cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $35.00 in a research report on Wednesday, July 5th. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target for the company. in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $37.25.
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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