The Manufacturers Life Insurance Company Has $14.50 Million Position in Weyerhaeuser Company $WY

The Manufacturers Life Insurance Company cut its position in shares of Weyerhaeuser Company (NYSE:WY) by 42.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 605,753 shares of the real estate investment trust’s stock after selling 438,885 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Weyerhaeuser were worth $14,502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Essential Partners LLC lifted its stake in Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,208 shares in the last quarter. Nvwm LLC grew its stake in shares of Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 800 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 617 shares in the last quarter. Compass Financial Management LLC acquired a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $35,000. Finally, Addison Advisors LLC raised its holdings in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 757 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on WY shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Weyerhaeuser Stock Up 0.3%

NYSE:WY opened at $22.07 on Friday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.75. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $24.12.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post 0.33 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.21 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 3.8%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

Weyerhaeuser Profile

Weyerhaeuser (NYSE: WY) is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser’s products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.