Meyer Handelman Co. Sells 1,081 Shares of Weyerhaeuser Co (WY)

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Meyer Handelman Co. lowered its position in Weyerhaeuser Co (NYSE:WY) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,723 shares of the real estate investment trust’s stock after selling 1,081 shares during the period. Meyer Handelman Co.’s holdings in Weyerhaeuser were worth $3,536,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in Weyerhaeuser by 160.0% in the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $31,000. Strategic Wealth Partners Ltd. lifted its holdings in shares of Weyerhaeuser by 60.3% in the third quarter. Strategic Wealth Partners Ltd. now owns 1,860 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 700 shares in the last quarter. CWM LLC lifted its holdings in shares of Weyerhaeuser by 221.4% in the fourth quarter. CWM LLC now owns 2,234 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Essex Savings Bank bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 75.46% of the company’s stock.

Shares of WY stock traded up $0.16 during trading hours on Monday, reaching $25.81. The company had a trading volume of 11,508 shares, compared to its average volume of 4,970,469. Weyerhaeuser Co has a 12 month low of $20.52 and a 12 month high of $38.39. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $19.22 billion, a PE ratio of 21.87, a P/E/G ratio of 5.39 and a beta of 1.64.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser Co will post 0.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Thursday, February 28th. Weyerhaeuser’s payout ratio is 115.25%.

A number of research analysts have recently weighed in on WY shares. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Raymond James set a $29.00 target price on Weyerhaeuser and gave the company a “buy” rating in a report on Tuesday, January 8th. Scotiabank restated a “hold” rating and issued a $32.00 target price on shares of Weyerhaeuser in a report on Tuesday, November 13th. Seaport Global Securities started coverage on Weyerhaeuser in a report on Wednesday, January 23rd. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Argus dropped their target price on Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $33.33.

In related news, insider Russell S. Hagen sold 8,000 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $26.32, for a total transaction of $210,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Devin W. Stockfish purchased 27,890 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were acquired at an average cost of $26.93 per share, with a total value of $751,077.70. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

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Weyerhaeuser Company 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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