Sippican Capital Advisors Invests $460,000 in Weyerhaeuser Co (WY) Stock

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Sippican Capital Advisors acquired a new position in shares of Weyerhaeuser Co (NYSE:WY) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 17,460 shares of the real estate investment trust’s stock, valued at approximately $460,000.

A number of other institutional investors also recently bought and sold shares of the business. Westside Investment Management Inc. raised its stake in shares of Weyerhaeuser by 160.0% during the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 800 shares in the last quarter. CNB Bank raised its stake in shares of Weyerhaeuser by 784.0% during the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,176 shares in the last quarter. Mackey Komara & Dankovich LLC purchased a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $32,000. Finally, Rehmann Capital Advisory Group raised its stake in shares of Weyerhaeuser by 37.0% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 442 shares in the last quarter. 77.84% of the stock is owned by institutional investors.

In other news, insider Russell S. Hagen sold 8,000 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total transaction of $210,560.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

NYSE WY traded down $0.42 during mid-day trading on Wednesday, hitting $26.40. The stock had a trading volume of 2,597,358 shares, compared to its average volume of 3,939,475. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $38.39. The company has a market capitalization of $20.00 billion, a P/E ratio of 22.37, a PEG ratio of 6.57 and a beta of 1.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.63.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business earned $0.31 EPS. Weyerhaeuser’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser Co will post 0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s dividend payout ratio (DPR) is 115.25%.

Several equities analysts recently weighed in on the company. Bank of America downgraded Weyerhaeuser to a “hold” rating and set a $35.00 price objective for the company. in a research note on Thursday, December 20th. Raymond James set a $29.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, January 8th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Seaport Global Securities assumed coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $33.10.

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Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

Further Reading: Hedge Funds

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

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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