Larson Financial Group LLC Has $1.65 Million Stake in Weyerhaeuser (NYSE:WY)

Larson Financial Group LLC raised its position in Weyerhaeuser (NYSE:WY) by 10.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 48,746 shares of the real estate investment trust’s stock after purchasing an additional 4,567 shares during the period. Larson Financial Group LLC’s holdings in Weyerhaeuser were worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp grew its holdings in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price 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 trade represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

WY has been the subject of several analyst reports. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Up 2.1 %

Shares of NYSE:WY opened at $31.24 on Monday. The company has a fifty day moving average of $32.28 and a 200-day moving average of $30.79. The company has a market capitalization of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Weyerhaeuser’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.56%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 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.