OppenheimerFunds Inc. Decreases Stake in Weyerhaeuser Co (WY)

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OppenheimerFunds Inc. lessened its position in Weyerhaeuser Co (NYSE:WY) by 47.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,243 shares of the real estate investment trust’s stock after selling 17,561 shares during the quarter. OppenheimerFunds Inc.’s holdings in Weyerhaeuser were worth $674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Harbor Advisory Corp MA increased its holdings in shares of Weyerhaeuser by 1.0% in the first quarter. Harbor Advisory Corp MA now owns 149,620 shares of the real estate investment trust’s stock valued at $5,237,000 after purchasing an additional 1,447 shares during the last quarter. Smith Asset Management Group LP increased its holdings in shares of Weyerhaeuser by 87.9% in the first quarter. Smith Asset Management Group LP now owns 3,141 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 1,469 shares during the last quarter. Wealthstreet Investment Advisors LLC increased its holdings in shares of Weyerhaeuser by 4.1% in the first quarter. Wealthstreet Investment Advisors LLC now owns 37,838 shares of the real estate investment trust’s stock valued at $1,325,000 after purchasing an additional 1,500 shares during the last quarter. Halsey Associates Inc. CT increased its stake in Weyerhaeuser by 15.7% during the fourth quarter. Halsey Associates Inc. CT now owns 11,800 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Weyerhaeuser by 1.5% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 118,723 shares of the real estate investment trust’s stock worth $4,155,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 76.05% of the company’s stock.

Shares of Weyerhaeuser opened at $35.36 on Tuesday, according to Marketbeat Ratings. Weyerhaeuser Co has a twelve month low of $30.95 and a twelve month high of $38.39. The company has a quick ratio of 1.62, a current ratio of 2.11 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $26.95 billion, a PE ratio of 30.75, a PEG ratio of 4.73 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, April 27th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Weyerhaeuser had a return on equity of 10.88% and a net margin of 9.42%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. research analysts anticipate that Weyerhaeuser Co will post 1.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, June 8th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, June 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.62%. Weyerhaeuser’s payout ratio is presently 111.30%.

Several equities research analysts have issued reports on the company. Citigroup raised their target price on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Zacks Investment Research raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $38.00.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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