Weyerhaeuser (NYSE:WY) Shares Acquired by Huntington National Bank

Huntington National Bank boosted its stake in Weyerhaeuser (NYSE:WY) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,740 shares of the real estate investment trust’s stock after buying an additional 623 shares during the quarter. Huntington National Bank’s holdings in Weyerhaeuser were worth $635,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of WY. Avantax Advisory Services Inc. grew its holdings in shares of Weyerhaeuser by 24.1% during the first quarter. Avantax Advisory Services Inc. now owns 12,036 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 2,340 shares in the last quarter. TIAA Trust National Association grew its stake in Weyerhaeuser by 14.7% in the 1st quarter. TIAA Trust National Association now owns 6,659 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 854 shares during the period. Jacobi Capital Management LLC raised its holdings in Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 406 shares during the last quarter. Covestor Ltd grew its position in shares of Weyerhaeuser by 382.0% in the first quarter. Covestor Ltd now owns 2,487 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 1,971 shares during the period. Finally, Clearbridge Investments LLC increased its stake in Weyerhaeuser by 268.1% in the first quarter. Clearbridge Investments LLC now owns 64,403 shares of the real estate investment trust’s stock valued at $2,313,000 after purchasing an additional 46,905 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.2 %

Shares of WY opened at $30.93 on Friday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s 50-day moving average is $32.31 and its two-hundred day moving average is $30.78. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market cap of $22.47 billion, a PE ratio of 41.80 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $0.33 EPS. Weyerhaeuser’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WY has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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.