Weyerhaeuser (NYSE:WY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Weyerhaeuser (NYSE:WY) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 101,900 shares of the real estate investment trust’s stock after selling 12,609 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Weyerhaeuser were worth $3,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mutual of America Capital Management LLC grew its stake in Weyerhaeuser by 5.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 189,758 shares of the real estate investment trust’s stock worth $6,425,000 after purchasing an additional 9,569 shares in the last quarter. Natixis Advisors LLC lifted its stake in Weyerhaeuser by 7.2% during the third quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock worth $5,417,000 after purchasing an additional 10,798 shares during the last quarter. Empowered Funds LLC increased its stake in Weyerhaeuser by 5.2% in the third quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust’s stock valued at $1,460,000 after purchasing an additional 2,129 shares during the last quarter. CIBC Asset Management Inc raised its stake in Weyerhaeuser by 8.0% during the 3rd quarter. CIBC Asset Management Inc now owns 106,402 shares of the real estate investment trust’s stock worth $3,603,000 after acquiring an additional 7,911 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of Weyerhaeuser by 6.8% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,000 shares of the real estate investment trust’s stock worth $745,000 after purchasing an additional 1,404 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WY shares. Royal Bank of Canada raised their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $36.33.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $32.23 on Tuesday. The stock’s 50 day moving average is $32.27 and its two-hundred day moving average is $30.79. The company has a market capitalization of $23.42 billion, a PE ratio of 43.55 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.48%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

About Weyerhaeuser

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.