Shell Asset Management Co. Increases Stock Position in Weyerhaeuser (NYSE:WY)

Shell Asset Management Co. raised its holdings in Weyerhaeuser (NYSE:WYGet Rating) by 101.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,821 shares of the real estate investment trust’s stock after purchasing an additional 57,181 shares during the period. Shell Asset Management Co.’s holdings in Weyerhaeuser were worth $4,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WY. FinTrust Capital Advisors LLC lifted its holdings in shares of Weyerhaeuser by 4,000.0% in the third quarter. FinTrust Capital Advisors LLC now owns 820 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 800 shares in the last quarter. Kistler Tiffany Companies LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $32,000. Concord Wealth Partners acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $40,000. Future Financial Wealth Managment LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $41,000. Finally, CX Institutional raised its position in shares of Weyerhaeuser by 48.4% in the third quarter. CX Institutional now owns 1,542 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 503 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Separately, raised shares of Weyerhaeuser from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $41.00.

Shares of Weyerhaeuser stock traded down $0.68 during trading hours on Friday, hitting $41.22. The company’s stock had a trading volume of 5,118,146 shares, compared to its average volume of 3,679,377. Weyerhaeuser has a 1-year low of $32.65 and a 1-year high of $43.04. The business has a fifty day moving average of $39.36 and a 200 day moving average of $39.16. The company has a market capitalization of $30.79 billion, a PE ratio of 11.88 and a beta of 1.66. The company has a quick ratio of 2.74, a current ratio of 3.29 and a debt-to-equity ratio of 0.47.

Weyerhaeuser (NYSE:WYGet Rating) last announced its earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.24. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.99 billion. Weyerhaeuser had a net margin of 25.56% and a return on equity of 24.73%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, sell-side analysts anticipate that Weyerhaeuser will post 2.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.75%. Weyerhaeuser’s dividend payout ratio is 20.75%.

Weyerhaeuser Company Profile (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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