Keating Investment Counselors Inc. Trims Position in Weyerhaeuser (NYSE:WY)

Keating Investment Counselors Inc. lessened its position in shares of Weyerhaeuser (NYSE:WY) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 102,017 shares of the real estate investment trust’s stock after selling 6,295 shares during the quarter. Weyerhaeuser accounts for 0.9% of Keating Investment Counselors Inc.’s portfolio, making the stock its 22nd biggest holding. Keating Investment Counselors Inc.’s holdings in Weyerhaeuser were worth $2,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in Weyerhaeuser in the fourth quarter worth about $101,000. BNP Paribas Financial Markets boosted its stake in shares of Weyerhaeuser by 51.3% in the fourth quarter. BNP Paribas Financial Markets now owns 814,958 shares of the real estate investment trust’s stock worth $28,336,000 after acquiring an additional 276,342 shares during the period. Jump Financial LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $1,562,000. QRG Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 3.6% in the fourth quarter. QRG Capital Management Inc. now owns 363,955 shares of the real estate investment trust’s stock worth $12,655,000 after acquiring an additional 12,643 shares during the period. Finally, Wambolt & Associates LLC boosted its stake in shares of Weyerhaeuser by 47.4% in the fourth quarter. Wambolt & Associates LLC now owns 16,738 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 5,385 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Citigroup dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.83.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.6 %

Shares of NYSE WY opened at $30.35 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The business’s 50 day moving average price is $30.03 and its 200-day moving average price is $31.32. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 27.59 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly 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). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Weyerhaeuser will post 0.59 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. Weyerhaeuser’s payout ratio is 72.73%.

Weyerhaeuser Company 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.