Prudential PLC Boosts Holdings in Weyerhaeuser (NYSE:WY)

Prudential PLC increased its stake in shares of Weyerhaeuser (NYSE:WYGet Rating) by 20.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 119,192 shares of the real estate investment trust’s stock after purchasing an additional 20,505 shares during the period. Prudential PLC’s holdings in Weyerhaeuser were worth $3,948,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Wilbanks Smith & Thomas Asset Management LLC raised its stake in Weyerhaeuser by 2.2% during the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 11,497 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 246 shares in the last quarter. 180 Wealth Advisors LLC raised its position in Weyerhaeuser by 1.7% during the second quarter. 180 Wealth Advisors LLC now owns 18,024 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 295 shares during the last quarter. Argyle Capital Management Inc. raised its position in Weyerhaeuser by 0.3% during the second quarter. Argyle Capital Management Inc. now owns 102,995 shares of the real estate investment trust’s stock worth $3,411,000 after acquiring an additional 300 shares during the last quarter. Marble Harbor Investment Counsel LLC raised its position in Weyerhaeuser by 1.7% during the second quarter. Marble Harbor Investment Counsel LLC now owns 18,418 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 300 shares during the last quarter. Finally, Clarius Group LLC raised its position in Weyerhaeuser by 2.6% during the second quarter. Clarius Group LLC now owns 12,006 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Weyerhaeuser Trading Down 0.5 %

Shares of Weyerhaeuser stock opened at $32.15 on Thursday. The company’s fifty day simple moving average is $30.27 and its 200-day simple moving average is $33.86. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 10.51 and a beta of 1.48. The company has a current ratio of 2.89, a quick ratio of 2.38 and a debt-to-equity ratio of 0.46. Weyerhaeuser has a 1 year low of $27.36 and a 1 year high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Weyerhaeuser had a net margin of 21.62% and a return on equity of 22.91%. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Weyerhaeuser will post 2.97 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 2.24%. Weyerhaeuser’s dividend payout ratio is currently 23.53%.

Analysts Set New Price Targets

A number of brokerages have issued reports on WY. DA Davidson cut their target price on shares of Weyerhaeuser from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Wednesday, October 19th. StockNews.com assumed coverage on shares of Weyerhaeuser in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Raymond James cut their price target on shares of Weyerhaeuser from $39.00 to $38.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 3rd. Finally, Bank of America cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price target for the company from $38.00 to $34.00 in a report on Tuesday, September 20th. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $37.50.

Weyerhaeuser Profile

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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.

See Also

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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