Premier Fund Managers Ltd Increases Stock Position in Weyerhaeuser (NYSE:WY)

Premier Fund Managers Ltd lifted its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 218.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,742 shares of the real estate investment trust's stock after acquiring an additional 284,656 shares during the period. Premier Fund Managers Ltd owned 0.06% of Weyerhaeuser worth $14,000,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Weyerhaeuser during the third quarter worth approximately $1,424,000. Meeder Asset Management Inc. increased its stake in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 719 shares during the period. Quest Partners LLC boosted its holdings in Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust's stock valued at $3,272,000 after purchasing an additional 57,412 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Weyerhaeuser by 5.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 189,758 shares of the real estate investment trust's stock worth $6,425,000 after purchasing an additional 9,569 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Weyerhaeuser by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust's stock valued at $5,417,000 after buying an additional 10,798 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

WY traded up $0.05 during midday trading on Wednesday, reaching $30.73. 344,667 shares of the company's stock were exchanged, compared to its average volume of 3,593,429. The business's 50-day moving average price is $32.32 and its 200 day moving average price is $30.79. The stock has a market capitalization of $22.33 billion, a PE ratio of 41.45 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser's revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's dividend payout ratio is presently 108.11%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the business's stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin O'rourke acquired 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WY shares. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Weyerhaeuser currently has an average rating of "Hold" and a consensus target price of $36.33.

About Weyerhaeuser

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.