Pacer Advisors Inc. Boosts Stake in Weyerhaeuser Company (WY)

Pacer Advisors Inc. raised its position in Weyerhaeuser Company (NYSE:WY) by 3.3% during the first quarter, Holdings Channel reports. The institutional investor owned 15,775 shares of the real estate investment trust’s stock after buying an additional 504 shares during the period. Pacer Advisors Inc.’s holdings in Weyerhaeuser Company were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of WY. First Personal Financial Services raised its position in shares of 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 worth $109,000 after buying an additional 1,520 shares in the last quarter. Alexandria Capital LLC raised its position in shares of 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 worth $118,000 after buying an additional 12 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Weyerhaeuser Company during the fourth quarter worth $124,000. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Weyerhaeuser Company during the fourth quarter worth $133,000. Finally, Gemmer Asset Management LLC raised its position in shares of 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 worth $140,000 after buying an additional 2,182 shares in the last quarter. Hedge funds and other institutional investors own 77.36% of the company’s stock.

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

Shares of Weyerhaeuser Company (WY) opened at 34.14 on Friday. Weyerhaeuser Company has a 52 week low of $26.55 and a 52 week high of $35.50. The stock has a market capitalization of $25.67 billion, a P/E ratio of 23.40 and a beta of 1.46. The company has a 50-day moving average of $33.28 and a 200-day moving average of $32.82.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, June 7th. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. Weyerhaeuser Company’s dividend payout ratio (DPR) is 85.52%.

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A number of brokerages have weighed in on WY. ValuEngine upgraded shares of Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating and set a $39.00 target price (up previously from $38.00) on shares of Weyerhaeuser Company in a research report on Saturday, April 22nd. Zacks Investment Research upgraded shares of Weyerhaeuser Company from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Monday, April 10th. BMO Capital Markets reiterated a “buy” rating and set a $36.00 target price on shares of Weyerhaeuser Company in a research report on Friday. Finally, BidaskClub lowered shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser Company has an average rating of “Buy” and an average target price of $36.88.

In other news, Director Rick R. Holley sold 6,687 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $35.00, for a total transaction of $234,045.00. Following the sale, the director now directly owns 557,707 shares of the company’s stock, valued at approximately $19,519,745. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total value of $1,176,577.36. Following the sale, the director now directly owns 571,036 shares in the company, valued at $20,106,177.56. The disclosure for this sale can be found here. Insiders have sold a total of 220,659 shares of company stock worth $7,742,721 over the last ninety days. Insiders own 1.30% of the company’s stock.

About Weyerhaeuser Company

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY).

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