Massachusetts Financial Services Co. MA Increases Position in Weyerhaeuser (NYSE:WY)

Massachusetts Financial Services Co. MA increased its position in Weyerhaeuser (NYSE:WY) by 23.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,919,349 shares of the real estate investment trust’s stock after acquiring an additional 740,508 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.54% of Weyerhaeuser worth $132,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser in the third quarter worth about $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the period. Finally, Park Place Capital Corp raised its holdings in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.1 %

Shares of Weyerhaeuser stock opened at $31.24 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market capitalization of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40. The firm’s 50-day moving average price is $32.28 and its 200 day moving average price is $30.78.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis. On average, sell-side analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Activity

In related news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WY. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Profile

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.