Main Street Financial Solutions LLC Decreases Position in Weyerhaeuser (NYSE:WY)

Main Street Financial Solutions LLC decreased its stake in Weyerhaeuser (NYSE:WYGet Rating) by 6.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,561 shares of the real estate investment trust’s stock after selling 699 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Weyerhaeuser were worth $435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of WY. FMR LLC boosted its position in shares of Weyerhaeuser by 336.8% in the first quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock worth $54,594,000 after buying an additional 1,598,165 shares during the period. Morgan Stanley lifted its stake in shares of Weyerhaeuser by 26.7% in the second quarter. Morgan Stanley now owns 4,905,192 shares of the real estate investment trust’s stock worth $168,836,000 after acquiring an additional 1,033,646 shares in the last quarter. Keudell Morrison Wealth Management lifted its stake in shares of Weyerhaeuser by 1.4% in the third quarter. Keudell Morrison Wealth Management now owns 37,452 shares of the real estate investment trust’s stock worth $1,332,000 after acquiring an additional 535 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of Weyerhaeuser by 31.6% in the third quarter. WINTON GROUP Ltd now owns 10,939 shares of the real estate investment trust’s stock worth $389,000 after acquiring an additional 2,625 shares in the last quarter. Finally, ING Groep NV lifted its stake in shares of Weyerhaeuser by 2.3% in the third quarter. ING Groep NV now owns 62,971 shares of the real estate investment trust’s stock worth $2,240,000 after acquiring an additional 1,414 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

NYSE WY traded down $0.60 on Monday, hitting $40.92. 133,803 shares of the stock traded hands, compared to its average volume of 4,370,096. The stock has a 50-day moving average of $39.25 and a 200 day moving average of $39.02. Weyerhaeuser has a twelve month low of $32.65 and a twelve month high of $43.04. The company has a market capitalization of $30.57 billion, a P/E ratio of 11.97 and a beta of 1.66. The company has a current ratio of 3.29, a quick ratio of 2.74 and a debt-to-equity ratio of 0.47.

Weyerhaeuser (NYSE:WYGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Weyerhaeuser had a return on equity of 24.73% and a net margin of 25.56%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Weyerhaeuser’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts expect that Weyerhaeuser will post 2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.76%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.17. Weyerhaeuser’s dividend payout ratio is presently 20.75%.

Separately, StockNews.com assumed coverage on Weyerhaeuser in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $41.00.

About Weyerhaeuser (Get Rating)

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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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