Voya Investment Management LLC Has $13.67 Million Holdings in Weyerhaeuser Company (WY)
Voya Investment Management LLC lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 407,981 shares of the real estate investment trust’s stock after selling 9,074 shares during the quarter. Voya Investment Management LLC owned about 0.05% of Weyerhaeuser worth $13,668,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. BlackRock Inc. lifted its stake in shares of Weyerhaeuser by 3,527.2% during the 1st quarter. BlackRock Inc. now owns 54,673,687 shares of the real estate investment trust’s stock worth $1,857,812,000 after purchasing an additional 53,166,351 shares during the period. Vanguard Group Inc. lifted its stake in shares of Weyerhaeuser by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after purchasing an additional 1,535,736 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 3.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 36,761,190 shares of the real estate investment trust’s stock worth $1,231,500,000 after purchasing an additional 1,181,780 shares during the period. State Street Corp lifted its stake in shares of Weyerhaeuser by 0.8% during the 1st quarter. State Street Corp now owns 31,327,712 shares of the real estate investment trust’s stock worth $1,064,520,000 after purchasing an additional 245,129 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Weyerhaeuser by 8.6% during the 2nd quarter. American Century Companies Inc. now owns 16,124,028 shares of the real estate investment trust’s stock worth $540,155,000 after purchasing an additional 1,273,679 shares during the period. Hedge funds and other institutional investors own 75.23% of the company’s stock.
A number of research analysts have weighed in on WY shares. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, July 7th. BMO Capital Markets reissued a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Friday, June 23rd. BidaskClub raised Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) lowered Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 price target on the stock. in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $40.00 price target on shares of Weyerhaeuser in a research note on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $37.25.
Weyerhaeuser Company (WY) opened at 34.32 on Thursday. The stock has a market capitalization of $25.84 billion, a price-to-earnings ratio of 26.98 and a beta of 1.39. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50. The company has a 50 day moving average price of $32.81 and a 200 day moving average price of $33.29.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $0.17 EPS. Weyerhaeuser’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser Company will post $1.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, September 7th. Weyerhaeuser’s payout ratio is presently 97.64%.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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