Marshall Wace North America L.P. Makes New Investment in Weyerhaeuser Co (NYSE:WY)

Marshall Wace North America L.P. acquired a new stake in Weyerhaeuser Co (NYSE:WY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 83,010 shares of the real estate investment trust’s stock, valued at approximately $2,186,000.

Other large investors have also recently modified their holdings of the company. 1ST Source Bank raised its holdings in shares of Weyerhaeuser by 1.5% in the 1st quarter. 1ST Source Bank now owns 26,826 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 387 shares in the last quarter. Rikoon Group LLC raised its holdings in shares of Weyerhaeuser by 2.8% in the 1st quarter. Rikoon Group LLC now owns 14,895 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 403 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 3.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 13,059 shares of the real estate investment trust’s stock worth $344,000 after purchasing an additional 403 shares in the last quarter. Mairs & Power INC raised its holdings in shares of Weyerhaeuser by 2.2% in the 4th quarter. Mairs & Power INC now owns 18,975 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 405 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of Weyerhaeuser by 0.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 47,611 shares of the real estate investment trust’s stock worth $1,254,000 after purchasing an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 76.32% of the company’s stock.

WY traded down $0.27 on Friday, reaching $25.54. 2,894,143 shares of the company traded hands, compared to its average volume of 4,800,059. The business has a 50 day moving average price of $24.97. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $36.67. The stock has a market cap of $19.02 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 8.24 and a beta of 1.72. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Weyerhaeuser Co will post 0.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.32%. The ex-dividend date was Thursday, June 6th. Weyerhaeuser’s dividend payout ratio is 115.25%.

In other Weyerhaeuser news, insider Devin W. Stockfish bought 5,195 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $23.03 per share, with a total value of $119,640.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

A number of analysts recently commented on WY shares. Stephens upgraded shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a report on Friday, April 5th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Seaport Global Securities initiated coverage on shares of Weyerhaeuser in a research report on Tuesday, April 2nd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.10.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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