Crawford Investment Counsel Inc. Has $1.30 Million Holding in Weyerhaeuser Co (WY)

Crawford Investment Counsel Inc. Has $1.30 Million Holding in Weyerhaeuser Co (WY)

Crawford Investment Counsel Inc. reduced its position in Weyerhaeuser Co (NYSE:WY) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,162 shares of the real estate investment trust’s stock after selling 40 shares during the period. Crawford Investment Counsel Inc.’s holdings in Weyerhaeuser were worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of WY. Alexandria Capital LLC raised its position in Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the period. Cambridge Advisors Inc. raised its position in Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 30 shares during the period. New England Private Wealth Advisors LLC raised its position in Weyerhaeuser by 0.4% in the third quarter. New England Private Wealth Advisors LLC now owns 10,538 shares of the real estate investment trust’s stock valued at $336,000 after buying an additional 43 shares during the period. Cheviot Value Management LLC raised its position in Weyerhaeuser by 0.3% in the fourth quarter. Cheviot Value Management LLC now owns 17,597 shares of the real estate investment trust’s stock valued at $529,000 after buying an additional 48 shares during the period. Finally, Loudon Investment Management LLC raised its position in Weyerhaeuser by 1.2% in the first quarter. Loudon Investment Management LLC now owns 6,845 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 82 shares during the period. Institutional investors own 77.72% of the company’s stock.

Shares of Weyerhaeuser Co (NYSE WY) opened at 33.51 on Friday. Weyerhaeuser Co has a 12 month low of $26.55 and a 12 month high of $35.50. The stock has a market capitalization of $25.20 billion, a PE ratio of 22.97 and a beta of 1.36. The company’s 50 day moving average price is $33.60 and its 200 day moving average price is $32.56.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Weyerhaeuser had a return on equity of 5.98% and a net margin of 15.11%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Co will post $1.00 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Wednesday, June 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 91.85%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. Citigroup Inc restated a “buy” rating and set a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, May 17th. Finally, Royal Bank of Canada restated a “buy” rating and set a $37.00 price target on shares of Weyerhaeuser in a research note on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $36.88.

In other Weyerhaeuser news, Director Rick R. Holley sold 6,687 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total transaction of $234,045.00. Following the completion of the transaction, the director now directly owns 557,707 shares of the company’s stock, valued at approximately $19,519,745. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rick R. Holley sold 33,416 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $35.21, for a total value of $1,176,577.36. Following the transaction, the director now directly owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The disclosure for this sale can be found here. Insiders sold a total of 221,393 shares of company stock valued at $7,767,633 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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