Weyerhaeuser (NYSE:WY) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its holdings in shares of Weyerhaeuser (NYSE:WYFree Report) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,910 shares of the real estate investment trust’s stock after buying an additional 1,767 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Weyerhaeuser were worth $304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Weyerhaeuser by 2.3% during the second quarter. BlackRock Inc. now owns 61,774,884 shares of the real estate investment trust’s stock worth $2,070,076,000 after purchasing an additional 1,385,408 shares during the last quarter. JPMorgan Chase & Co. increased its position in Weyerhaeuser by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 21,007,156 shares of the real estate investment trust’s stock worth $703,950,000 after buying an additional 389,427 shares during the period. Geode Capital Management LLC increased its position in Weyerhaeuser by 1.1% in the second quarter. Geode Capital Management LLC now owns 17,631,965 shares of the real estate investment trust’s stock worth $591,091,000 after buying an additional 184,509 shares during the period. Norges Bank acquired a new stake in Weyerhaeuser in the fourth quarter worth $485,095,000. Finally, Charles Schwab Investment Management Inc. increased its position in Weyerhaeuser by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock worth $239,529,000 after buying an additional 95,445 shares during the period. 79.54% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 0.8 %

WY opened at $33.28 on Monday. Weyerhaeuser has a fifty-two week low of $27.65 and a fifty-two week high of $35.14. The business has a 50-day moving average of $33.23 and a 200-day moving average of $32.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The company has a market capitalization of $24.29 billion, a PE ratio of 28.94 and a beta of 1.43.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Equities research analysts forecast that Weyerhaeuser will post 1.05 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is presently 66.09%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Raymond James lowered Weyerhaeuser from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

View Our Latest Research Report on WY

Insider Transactions at Weyerhaeuser

In related news, CFO David M. Wold sold 923 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.51, for a total value of $29,083.73. Following the sale, the chief financial officer now owns 60,436 shares of the company’s stock, valued at approximately $1,904,338.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David M. Wold sold 923 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.51, for a total value of $29,083.73. Following the sale, the chief financial officer now owns 60,436 shares in the company, valued at approximately $1,904,338.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,278 shares of company stock valued at $1,355,847. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Company Profile

(Free Report)

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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