Candriam S.C.A. Sells 20,434 Shares of Weyerhaeuser Company $WY

Candriam S.C.A. trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 29.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,802 shares of the real estate investment trust’s stock after selling 20,434 shares during the period. Candriam S.C.A.’s holdings in Weyerhaeuser were worth $1,254,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Weyerhaeuser by 51.8% in the first quarter. Signaturefd LLC now owns 5,337 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,821 shares in the last quarter. Nwam LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $204,000. IFP Advisors Inc raised its stake in shares of Weyerhaeuser by 138.2% in the 1st quarter. IFP Advisors Inc now owns 13,047 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 7,569 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 17,132 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Weyerhaeuser by 4.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 56,004 shares of the real estate investment trust’s stock valued at $1,640,000 after acquiring an additional 2,236 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WY shares. CIBC dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. DA Davidson lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday. Finally, Citigroup dropped their price objective on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.78.

Weyerhaeuser Trading Down 2.8%

Shares of NYSE WY opened at $21.51 on Tuesday. Weyerhaeuser Company has a 1-year low of $21.49 and a 1-year high of $32.70. The company has a 50-day moving average of $23.90 and a two-hundred day moving average of $25.27. The company has a market cap of $15.51 billion, a PE ratio of 56.61, a P/E/G ratio of 244.04 and a beta of 1.04. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.9%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Weyerhaeuser Profile

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.