Lantz Financial LLC increased its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 43,045 shares of the real estate investment trust’s stock after acquiring an additional 475 shares during the period. Lantz Financial LLC’s holdings in Weyerhaeuser were worth $1,151,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Weyerhaeuser by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock worth $2,837,219,000 after purchasing an additional 11,845,982 shares during the period. Northern Trust Corp boosted its position in Weyerhaeuser by 1.0% during the 2nd quarter. Northern Trust Corp now owns 10,871,188 shares of the real estate investment trust’s stock worth $286,347,000 after purchasing an additional 104,432 shares during the period. Nuveen Asset Management LLC purchased a new stake in Weyerhaeuser during the 2nd quarter worth $197,323,000. Pictet Asset Management Ltd. boosted its position in Weyerhaeuser by 6.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,289,462 shares of the real estate investment trust’s stock worth $112,984,000 after purchasing an additional 252,350 shares during the period. Finally, Morgan Stanley boosted its position in Weyerhaeuser by 4.5% during the 2nd quarter. Morgan Stanley now owns 4,280,269 shares of the real estate investment trust’s stock worth $112,742,000 after purchasing an additional 183,558 shares during the period. 76.95% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on the stock. 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. Royal Bank of Canada reiterated a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. Finally, ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Buy” and an average target price of $32.67.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping 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 in the previous year, the business posted $0.44 EPS. The firm’s revenue was down 20.4% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Co will post 0.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were paid a $0.34 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.81%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 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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