Northwest Investment Counselors LLC Purchases New Shares in Weyerhaeuser (NYSE:WY)

Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser (NYSE:WY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,327 shares of the real estate investment trust’s stock, valued at approximately $45,000.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in Weyerhaeuser by 3.6% during the 1st quarter. Park Avenue Securities LLC now owns 26,718 shares of the real estate investment trust’s stock valued at $959,000 after acquiring an additional 917 shares during the period. Global Assets Advisory LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $434,000. Riverview Trust Co purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $57,000. S.A. Mason LLC boosted its position in shares of Weyerhaeuser by 19.3% in the 1st quarter. S.A. Mason LLC now owns 5,738 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 929 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Weyerhaeuser by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock worth $2,199,000 after buying an additional 3,772 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on WY shares. Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Trading Down 2.0 %

NYSE:WY opened at $31.65 on Wednesday. The company has a market cap of $23.07 billion, a PE ratio of 28.77 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $30.87. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value 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. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

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.