Weyerhaeuser Co (WY) Holding Lowered by Carnick & Kubik Group LLC

Weyerhaeuser Co (WY) Holding Lowered by Carnick & Kubik Group LLC

Carnick & Kubik Group LLC lowered its position in Weyerhaeuser Co (NYSE:WY) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 45,899 shares of the real estate investment trust’s stock after selling 1,544 shares during the period. Carnick & Kubik Group LLC’s holdings in Weyerhaeuser were worth $1,560,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WY. Norges Bank acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $257,785,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $66,332,000. American Century Companies Inc. raised its stake in Weyerhaeuser by 14.3% in the first quarter. American Century Companies Inc. now owns 14,850,349 shares of the real estate investment trust’s stock worth $504,615,000 after buying an additional 1,858,252 shares in the last quarter. Teachers Advisors LLC raised its stake in Weyerhaeuser by 74.4% in the fourth quarter. Teachers Advisors LLC now owns 3,487,661 shares of the real estate investment trust’s stock worth $104,944,000 after buying an additional 1,487,589 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Weyerhaeuser by 1,634.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,304,983 shares of the real estate investment trust’s stock worth $39,290,000 after buying an additional 1,229,763 shares in the last quarter. 77.72% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Co (WY) opened at 33.51 on Friday. The stock’s 50 day moving average is $33.60 and its 200 day moving average is $32.56. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of 22.97 and a beta of 1.36. Weyerhaeuser Co has a 1-year low of $26.55 and a 1-year high of $35.50.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.61 billion. Weyerhaeuser had a net margin of 15.11% and a return on equity of 5.98%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Analysts predict that Weyerhaeuser Co will post $1.00 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a dividend of $0.31 per share. 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 payout ratio is currently 91.85%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, April 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 12th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, March 14th. Finally, Citigroup Inc reaffirmed a “buy” rating and issued a $39.00 price objective (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $36.88.

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