Pacer Advisors Inc. trimmed its position in shares of Weyerhaeuser Co (NYSE:WY) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,822 shares of the real estate investment trust’s stock after selling 14,096 shares during the quarter. Pacer Advisors Inc.’s holdings in Weyerhaeuser were worth $1,865,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Weyerhaeuser by 336.8% during the 1st quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after purchasing an additional 1,598,165 shares in the last quarter. American Century Companies Inc. raised its position in Weyerhaeuser by 9.2% during the 1st quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock worth $486,350,000 after buying an additional 1,559,897 shares during the last quarter. Jennison Associates LLC acquired a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $28,920,000. Renaissance Technologies LLC boosted its holdings in shares of Weyerhaeuser by 748.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,164,540 shares of the real estate investment trust’s stock valued at $30,674,000 after acquiring an additional 1,027,340 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Weyerhaeuser by 1.9% in the first quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock worth $1,394,812,000 after acquiring an additional 1,006,414 shares during the period. Institutional investors and hedge funds own 77.13% of the company’s stock.

Shares of NYSE WY traded up $0.49 during midday trading on Wednesday, hitting $27.83. The stock had a trading volume of 70,454 shares, compared to its average volume of 3,102,460. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $25.56 and a 200-day simple moving average of $25.54. The company has a market capitalization of $20.43 billion, a PE ratio of 23.55, a P/E/G ratio of 9.39 and a beta of 1.67. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $34.58.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The firm’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 EPS. As a group, analysts expect that Weyerhaeuser Co will post 0.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a yield of 4.89%. Weyerhaeuser’s payout ratio is presently 115.25%.

Separately, ValuEngine lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.10.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

Further Reading: Buyback

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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