Ancora Advisors LLC raised its stake in Weyerhaeuser Co (NYSE:WY) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 301,780 shares of the real estate investment trust’s stock after acquiring an additional 42,430 shares during the quarter. Ancora Advisors LLC’s holdings in Weyerhaeuser were worth $9,738,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. FMR LLC lifted its stake in Weyerhaeuser by 9.1% in the 2nd quarter. FMR LLC now owns 566,568 shares of the real estate investment trust’s stock worth $20,657,000 after purchasing an additional 47,262 shares in the last quarter. Manning & Napier Group LLC lifted its stake in Weyerhaeuser by 18.5% in the 3rd quarter. Manning & Napier Group LLC now owns 118,934 shares of the real estate investment trust’s stock worth $3,837,000 after purchasing an additional 18,560 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in Weyerhaeuser by 4.0% in the 2nd quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock worth $8,339,000 after purchasing an additional 8,850 shares in the last quarter. Appleton Partners Inc. MA lifted its stake in Weyerhaeuser by 48.4% in the 3rd quarter. Appleton Partners Inc. MA now owns 20,621 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 6,721 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Weyerhaeuser by 12.8% in the 3rd quarter. Bank of Montreal Can now owns 1,067,629 shares of the real estate investment trust’s stock worth $34,454,000 after purchasing an additional 120,969 shares in the last quarter. Institutional investors own 76.48% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Citigroup lowered their target price on shares of Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, October 25th. Vertical Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Raymond James lowered their target price on shares of Weyerhaeuser from $41.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.57.
In related news, insider Devin W. Stockfish purchased 27,890 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $26.93 per share, with a total value of $751,077.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.
Shares of NYSE:WY opened at $26.74 on Friday. The firm has a market capitalization of $20.00 billion, a PE ratio of 23.25, a P/E/G ratio of 4.35 and a beta of 1.48. Weyerhaeuser Co has a one year low of $25.75 and a one year high of $38.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.04 and a current ratio of 1.35.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. Weyerhaeuser’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Research analysts expect that Weyerhaeuser Co will post 1.23 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Thursday, November 29th. Weyerhaeuser’s payout ratio is 118.26%.
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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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