Cetera Advisor Networks LLC reduced its stake in shares of Weyerhaeuser Co (NYSE:WY) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,912 shares of the real estate investment trust’s stock after selling 2,871 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Weyerhaeuser were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP grew its position in Weyerhaeuser by 85.7% during the third quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 427 shares during the period. NuWave Investment Management LLC acquired a new position in Weyerhaeuser during the second quarter worth about $30,000. Rational Advisors LLC acquired a new position in Weyerhaeuser during the second quarter worth about $30,000. NEXT Financial Group Inc grew its position in Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 789 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $33,000. Institutional investors own 76.90% of the company’s stock.
WY has been the topic of several research reports. Scotiabank set a $28.50 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America set a $31.00 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a research report on Friday, October 25th. ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. Finally, BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, September 17th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.93.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, October 25th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The firm’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Weyerhaeuser Co will post 0.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.36 dividend on an annualized basis and a yield of 4.63%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.
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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