2 weeks Ago By Defense World Staff
Liberty Mutual Group Asset Management Inc. decreased its holdings in shares of Weyerhaeuser ( NYSE:WY – Free Report ) by 6.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 38,307 shares of the real estate investment trust’s stock after selling 2,852 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Weyerhaeuser were worth $1,088,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WY. Mackenzie Financial Corp lifted its stake in shares of Weyerhaeuser by 6.2% in the 2nd quarter.
Mackenzie Financial Corp now owns 101,943 shares of the real estate investment trust’s stock valued at $2,894,000 after purchasing an additional 5,941 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Weyerhaeuser by 1.6% during the 2nd quarter.
The Manufacturers Life Insurance Company now owns 1,146,507 shares of the real estate investment trust’s stock valued at $32,549,000 after buying an additional 18,558 shares during the period. Millennium Management LLC lifted its position in Weyerhaeuser by 512.3% in the second quarter.
Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after buying an additional 1,308,125 shares during the last quarter. MBB Public Markets I LLC lifted its position in Weyerhaeuser by 613.9% in the second quarter.
MBB Public Markets I LLC now owns 50,846 shares of the real estate investment trust’s stock worth $1,444,000 after buying an additional 43,724 shares during the last quarter. Finally, APG Asset Management N.V.
boosted its stake in Weyerhaeuser by 223.5% during the second quarter. APG Asset Management N.
V. now owns 94,661 shares of the real estate investment trust’s stock worth $2,508,000 after buying an additional 65,400 shares during the period. Institutional investors own 82.
99% of the company’s stock. Insider Activity at Weyerhaeuser In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $31.
38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.
88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website . In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th.
The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00.
Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, Director Albert Monaco purchased 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.
00. Following the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88.
The disclosure for this purchase can be found here . 0.27% of the stock is owned by insiders.
Weyerhaeuser Trading Up 0.6 % Weyerhaeuser ( NYSE:WY – Get Free Report ) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.
21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01).
The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion.
Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%.
The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.
32 EPS. On average, research analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.
Weyerhaeuser Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.20 dividend.
The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.
41%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.
Wall Street Analysts Forecast Growth WY has been the subject of several recent analyst reports. Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.
00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.
00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.
00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $38.
00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.
83. Get Our Latest Stock Analysis on Weyerhaeuser Weyerhaeuser Company Profile ( Free Report ) 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.
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