Aberdeen Asset Management PLC UK Sells 10,867 Shares of Weyerhaeuser Company (WY)

Aberdeen Asset Management PLC UK lowered its position in Weyerhaeuser Company (NYSE:WY) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 167,446 shares of the real estate investment trust’s stock after selling 10,867 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Weyerhaeuser Company were worth $5,689,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of WY. First Personal Financial Services increased its position in Weyerhaeuser Company by 90.7% in the first quarter. First Personal Financial Services now owns 3,195 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,520 shares during the period. Alexandria Capital LLC increased its position in Weyerhaeuser Company by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 12 shares during the period. Independent Advisor Alliance purchased a new position in Weyerhaeuser Company during the fourth quarter valued at $124,000. Gemmer Asset Management LLC increased its position in Weyerhaeuser Company by 112.2% in the first quarter. Gemmer Asset Management LLC now owns 4,126 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,182 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in Weyerhaeuser Company by 74.2% in the first quarter. Carroll Financial Associates Inc. now owns 4,160 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,772 shares during the period. Institutional investors own 77.37% of the company’s stock.

Shares of Weyerhaeuser Company (NYSE:WY) opened at 33.63 on Tuesday. Weyerhaeuser Company has a 52 week low of $26.55 and a 52 week high of $35.50. The stock has a 50 day moving average price of $33.28 and a 200-day moving average price of $32.82. The firm has a market capitalization of $25.29 billion, a PE ratio of 23.05 and a beta of 1.46.

Weyerhaeuser Company (NYSE:WY) last posted its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter last year, the business posted $0.24 EPS. The company’s revenue was up 20.5% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Company will post $1.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Wednesday, June 7th. Weyerhaeuser Company’s dividend payout ratio (DPR) is currently 85.52%.

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WY has been the topic of several research reports. Zacks Investment Research upgraded Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Monday, April 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser Company in a report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 price target on shares of Weyerhaeuser Company in a report on Tuesday, March 14th. Citigroup Inc. reaffirmed a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser Company in a report on Saturday, April 22nd. Finally, BidaskClub cut Weyerhaeuser Company from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.88.

In other news, Director Rick R. Holley sold 33,416 shares of the firm’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 owns 571,036 shares in the company, valued at approximately $20,106,177.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rick R. Holley sold 180,556 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $35.07, for a total transaction of $6,332,098.92. The disclosure for this sale can be found here. Insiders have sold a total of 220,659 shares of company stock valued at $7,742,721 in the last three months. Company insiders own 1.30% of the company’s stock.

Weyerhaeuser Company 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.

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

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