Toronto Dominion Bank cut its position in Weyerhaeuser Co (NYSE:WY) by 42.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 619,912 shares of the real estate investment trust’s stock after selling 457,086 shares during the quarter. Toronto Dominion Bank owned approximately 0.08% of Weyerhaeuser worth $16,324,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of WY. Zions Bancorporation N.A. acquired a new stake in Weyerhaeuser in the 1st quarter worth $29,000. NuWave Investment Management LLC acquired a new stake in Weyerhaeuser in the 2nd quarter worth $30,000. Rational Advisors LLC acquired a new stake in Weyerhaeuser in the 2nd quarter worth $30,000. NEXT Financial Group Inc grew its position in Weyerhaeuser by 197.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 789 shares during the last quarter. Finally, Personal Wealth Partners acquired a new stake in Weyerhaeuser in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 76.97% of the company’s stock.
Several research firms have issued reports on WY. BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, September 17th. ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.67.
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 the consensus estimate of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue was down 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Weyerhaeuser Co will post 0.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.36 annualized dividend and a dividend yield of 5.07%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.
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.
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