Toroso Investments LLC Increases Holdings in Weyerhaeuser (NYSE:WY)

Toroso Investments LLC raised its stake in shares of Weyerhaeuser (NYSE:WY) by 33.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 52,528 shares of the real estate investment trust’s stock after buying an additional 13,159 shares during the quarter. Toroso Investments LLC’s holdings in Weyerhaeuser were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Weyerhaeuser by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 118,328,851 shares of the real estate investment trust’s stock worth $4,072,879,000 after purchasing an additional 1,497,287 shares in the last quarter. BlackRock Inc. increased its stake in Weyerhaeuser by 6.2% in the 2nd quarter. BlackRock Inc. now owns 55,782,448 shares of the real estate investment trust’s stock worth $1,920,035,000 after buying an additional 3,235,581 shares in the last quarter. Cohen & Steers Inc. increased its stake in Weyerhaeuser by 13.6% in the 1st quarter. Cohen & Steers Inc. now owns 35,371,339 shares of the real estate investment trust’s stock worth $1,259,204,000 after buying an additional 4,221,921 shares in the last quarter. Geode Capital Management LLC increased its stake in Weyerhaeuser by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 15,844,396 shares of the real estate investment trust’s stock worth $544,287,000 after buying an additional 570,705 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Weyerhaeuser by 84.5% in the 1st quarter. Ameriprise Financial Inc. now owns 9,013,641 shares of the real estate investment trust’s stock worth $320,900,000 after buying an additional 4,127,300 shares in the last quarter. Institutional investors and hedge funds own 81.21% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a research note on Monday, October 4th. The Goldman Sachs Group assumed coverage on shares of Weyerhaeuser in a report on Thursday, July 15th. They set a “buy” rating and a $40.00 price objective for the company. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, July 27th. Finally, Raymond James lowered their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating for the company in a report on Friday, August 27th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Buy” and an average target price of $39.29.

Weyerhaeuser stock opened at $37.40 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.85 and a quick ratio of 2.42. Weyerhaeuser has a 1-year low of $26.57 and a 1-year high of $41.68. The firm has a market capitalization of $28.04 billion, a P/E ratio of 12.26 and a beta of 1.84. The company’s 50-day moving average is $35.58 and its 200 day moving average is $36.08.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 29th. The real estate investment trust reported $1.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.01). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Weyerhaeuser had a return on equity of 26.56% and a net margin of 23.25%. The business’s revenue for the quarter was up 92.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. Research analysts anticipate that Weyerhaeuser will post 3.37 earnings per share for the current fiscal year.

The business also recently announced a None dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, October 5th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, October 4th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 52.71%.

Weyerhaeuser Profile

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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