73,840 Shares of Weyerhaeuser Company $WY Bought by Cohen Capital Management Inc.

Cohen Capital Management Inc. bought a new position in shares of Weyerhaeuser Company (NYSE:WY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 73,840 shares of the real estate investment trust’s stock, valued at approximately $1,407,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Essential Partners LLC grew its position in shares of Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,208 shares during the period. Nvwm LLC increased its stake in shares of Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 800 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 617 shares during the last quarter. Compass Financial Management LLC acquired a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $35,000. Finally, Bayban acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $41,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of several recent analyst reports. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 10th. Citigroup decreased their price objective on shares of Weyerhaeuser from $29.00 to $21.00 and set a “buy” rating for the company in a report on Monday, October 5th. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, September 3rd. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.33.

Weyerhaeuser Stock Up 0.3%

Shares of WY stock opened at $19.00 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser Company has a 1 year low of $18.25 and a 1 year high of $27.75. The firm’s fifty day moving average price is $22.23 and its two-hundred day moving average price is $23.50. The firm has a market capitalization of $13.70 billion, a P/E ratio of 90.19, a PEG ratio of 2.13 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $0.12 EPS. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser Company will post 0.28 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 4.4%. Weyerhaeuser’s dividend payout ratio is 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.