The D.A. Davidson & CO. Boosts Stake in Weyerhaeuser Company (WY), Report finds

The D.A. Davidson & CO. Boosts Stake in Weyerhaeuser Company (WY), Report finds

Other large investors also recently modified their holdings of the company. Kistler Tiffany Companies LLC boosted its stake in Weyerhaeuser Company by 0.5% in the third quarter. Kistler Tiffany Companies LLC now owns 4,613 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 21 shares during the last quarter. Cambridge Advisors Inc. boosted its position in shares of Weyerhaeuser Company by 0.4% in the third quarter. Cambridge Advisors Inc. now owns 8,772 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 31 shares during the last quarter. New England Private Wealth Advisors LLC boosted its position in shares of Weyerhaeuser Company 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 worth $336,000 after buying an additional 43 shares during the last quarter. 1ST Source Bank boosted its position in shares of Weyerhaeuser Company by 0.3% in the third quarter. 1ST Source Bank now owns 31,711 shares of the real estate investment trust’s stock worth $1,013,000 after buying an additional 83 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Weyerhaeuser Company by 0.4% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 21,094 shares of the real estate investment trust’s stock worth $673,000 after buying an additional 93 shares during the last quarter. 77.72% of the stock is currently owned by institutional investors and hedge funds.

D.A. Davidson & CO. increased its position in Weyerhaeuser Company (NYSE:WY) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 586,745 shares of the real estate investment trust’s stock after buying an additional 12,580 shares during the period. D.A. Davidson & CO.’s holdings in Weyerhaeuser Company were worth $18,736,000 as of its most recent SEC filing.

Shares of Weyerhaeuser Company (NYSE:WY) traded up 0.63% during mid-day trading on Monday, hitting $33.37. The stock had a trading volume of 580,827 shares. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 23.85 and a beta of 1.36. The stock’s 50-day moving average is $31.08 and its 200 day moving average is $31.19. Weyerhaeuser Company has a 1-year low of $22.35 and a 1-year high of $33.42.

Weyerhaeuser Company (NYSE:WY) last issued its quarterly earnings data on Friday, February 3rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. Weyerhaeuser Company had a return on equity of 5.98% and a net margin of 15.11%. The firm earned $1.60 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts predict that Weyerhaeuser Company will post $1.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.74%. Weyerhaeuser Company’s payout ratio is currently 91.85%.

WY has been the subject of a number of recent research reports. RBC Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser Company in a report on Friday, January 6th. BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser Company in a report on Thursday, November 10th. CLSA downgraded Weyerhaeuser Company from an “outperform” rating to an “underperform” rating in a report on Wednesday, December 21st. Raymond James Financial, Inc. upgraded Weyerhaeuser Company from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a report on Monday, January 9th. Finally, Zacks Investment Research downgraded Weyerhaeuser Company from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.56.

In other Weyerhaeuser Company news, insider Denise M. Merle sold 6,503 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $33.00, for a total transaction of $214,599.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Rhonda D. Hunter sold 2,190 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $30.98, for a total transaction of $67,846.20. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Weyerhaeuser Company Company Profile

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.

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