Smith Salley & Associates Has $1,868,000 Stake in Weyerhaeuser Company (WY)

Smith Salley & Associates boosted its stake in Weyerhaeuser Company (NYSE:WY) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,084 shares of the real estate investment trust’s stock after buying an additional 3,004 shares during the period. Smith Salley & Associates’ holdings in Weyerhaeuser Company were worth $1,868,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kistler Tiffany Companies LLC increased 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 in the last quarter. Cambridge Advisors Inc. increased its stake in 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 valued at $280,000 after buying an additional 31 shares in the last quarter. New England Private Wealth Advisors LLC increased its stake in 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 valued at $336,000 after buying an additional 43 shares in the last quarter. 1ST Source Bank increased its stake in 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 valued at $1,013,000 after buying an additional 83 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its stake in 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 valued at $673,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 77.72% of the company’s stock.

Institutional Ownership by Quarter for Weyerhaeuser Company (NYSE:WY)

Weyerhaeuser Company (NYSE:WY) opened at 33.79 on Tuesday. Weyerhaeuser Company has a 52-week low of $22.35 and a 52-week high of $34.00. The firm has a market capitalization of $25.29 billion, a PE ratio of 24.15 and a beta of 1.36. The firm’s 50-day moving average is $31.18 and its 200-day moving average is $31.18.

Weyerhaeuser Company (NYSE:WY) last announced its earnings results on Friday, February 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.02. Weyerhaeuser Company had a net margin of 15.11% and a return on equity of 5.98%. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Company will post $1.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, March 1st. Weyerhaeuser Company’s dividend payout ratio is currently 91.85%.

“Smith Salley & Associates Has $1,868,000 Stake in Weyerhaeuser Company (WY)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this article on another publication, it was copied illegally and republished in violation of US and international trademark & copyright law. The legal version of this article can be read at http://sleekmoney.com/smith-salley-associates-has-1868000-stake-in-weyerhaeuser-company-wy/1660054.html.

Several analysts have recently commented on WY shares. Zacks Investment Research downgraded shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser Company in a report on Thursday, November 10th. CLSA downgraded shares of Weyerhaeuser Company from an “outperform” rating to an “underperform” rating in a report on Thursday, December 15th. RBC Capital Markets reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser Company in a report on Friday, January 6th. Finally, Raymond James Financial, Inc. raised shares of Weyerhaeuser Company from an “outperform” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a report on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Weyerhaeuser Company presently has a consensus rating of “Hold” and an average target price of $35.56.

In other news, insider Denise M. Merle sold 6,503 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Rhonda D. Hunter sold 2,190 shares of the company’s stock in a transaction dated Thursday, February 2nd. The shares were 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. Corporate insiders own 1.30% of the company’s stock.

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.

5 Day Chart for NYSE:WY

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