Alliancebernstein L.P. raised its holdings in Weyerhaeuser Co (NYSE:WY) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,557,882 shares of the real estate investment trust’s stock after purchasing an additional 25,026 shares during the quarter. Alliancebernstein L.P. owned 0.21% of Weyerhaeuser worth $54,931,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WY. Dimensional Fund Advisors LP raised its position in Weyerhaeuser by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock valued at $10,906,000 after purchasing an additional 14,267 shares during the period. First Trust Advisors LP raised its position in Weyerhaeuser by 2.2% in the third quarter. First Trust Advisors LP now owns 142,698 shares of the real estate investment trust’s stock valued at $4,856,000 after purchasing an additional 3,139 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Weyerhaeuser by 1.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 294,385 shares of the real estate investment trust’s stock valued at $10,018,000 after purchasing an additional 5,216 shares during the period. Daiwa Securities Group Inc. raised its position in Weyerhaeuser by 9.1% in the third quarter. Daiwa Securities Group Inc. now owns 22,818 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 1,900 shares during the period. Finally, Bessemer Group Inc. raised its position in Weyerhaeuser by 26.1% in the third quarter. Bessemer Group Inc. now owns 10,628 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 2,203 shares during the period. Institutional investors own 76.79% of the company’s stock.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
Weyerhaeuser Co (WY) opened at $35.12 on Tuesday. Weyerhaeuser Co has a one year low of $30.95 and a one year high of $37.89. The company has a market capitalization of $26,550.00, a price-to-earnings ratio of 41.81, a P/E/G ratio of 5.20 and a beta of 1.43. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70.
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 the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts anticipate that Weyerhaeuser Co will post 1.34 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, March 1st. This represents a $1.28 annualized dividend and a yield of 3.64%. Weyerhaeuser’s payout ratio is 152.38%.
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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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