O Keefe Stevens Advisory Inc. Grows Stock Holdings in Weyerhaeuser Company $WY

O Keefe Stevens Advisory Inc. raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,251 shares of the real estate investment trust’s stock after buying an additional 7,781 shares during the period. Weyerhaeuser comprises about 2.6% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 15th largest holding. O Keefe Stevens Advisory Inc.’s holdings in Weyerhaeuser were worth $9,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser during the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Weyerhaeuser during the first quarter worth $31,000. Costello Asset Management INC purchased a new position in shares of Weyerhaeuser during the first quarter worth $32,000. Marshall Investment Management LLC purchased a new position in shares of Weyerhaeuser during the first quarter worth $36,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Weyerhaeuser during the first quarter worth $40,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. CIBC reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Saturday, September 27th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

Insider Activity

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.8%

Weyerhaeuser stock opened at $25.12 on Friday. Weyerhaeuser Company has a 1-year low of $23.98 and a 1-year high of $33.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market cap of $18.12 billion, a PE ratio of 66.11, a P/E/G ratio of 125.31 and a beta of 1.05. The stock’s fifty day moving average is $25.40 and its two-hundred day moving average is $26.04.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm earned $0.21 earnings per share. Weyerhaeuser’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

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.