Rowland & Co. Investment Counsel ADV Has $4.82 Million Stock Position in Weyerhaeuser Co (NYSE:WY)

Rowland & Co. Investment Counsel ADV boosted its position in Weyerhaeuser Co (NYSE:WY) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 173,365 shares of the real estate investment trust’s stock after purchasing an additional 1,880 shares during the period. Weyerhaeuser comprises 1.6% of Rowland & Co. Investment Counsel ADV’s holdings, making the stock its 18th largest position. Rowland & Co. Investment Counsel ADV’s holdings in Weyerhaeuser were worth $4,824,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Webster Bank N. A. increased its stake in Weyerhaeuser by 42.2% in the third quarter. Webster Bank N. A. now owns 2,560 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 760 shares during the last quarter. Rehmann Capital Advisory Group increased its stake in Weyerhaeuser by 48.3% in the second quarter. Rehmann Capital Advisory Group now owns 2,398 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 781 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in Weyerhaeuser by 10.2% in the second quarter. Keudell Morrison Wealth Management now owns 33,152 shares of the real estate investment trust’s stock valued at $818,000 after acquiring an additional 3,059 shares during the last quarter. Cresset Asset Management LLC increased its stake in Weyerhaeuser by 6.1% in the second quarter. Cresset Asset Management LLC now owns 78,351 shares of the real estate investment trust’s stock valued at $2,064,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in Weyerhaeuser by 8,817.3% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 44,319 shares of the real estate investment trust’s stock valued at $1,167,000 after acquiring an additional 43,822 shares during the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.

Weyerhaeuser stock traded down $0.04 during mid-day trading on Thursday, reaching $26.69. The company had a trading volume of 90,458 shares, compared to its average volume of 3,163,197. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $31.93. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market cap of $20.63 billion, a P/E ratio of 22.62, a P/E/G ratio of 9.68 and a beta of 1.67. The business has a fifty day simple moving average of $26.58 and a 200 day simple moving average of $25.78.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was down 20.4% on a year-over-year basis. Research analysts forecast that Weyerhaeuser Co will post 0.57 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a $0.34 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 5.10%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.

A number of research analysts recently issued reports on WY shares. ValuEngine raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets set a $32.00 price objective on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Weyerhaeuser in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $32.67.

About Weyerhaeuser

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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