SG Americas Securities LLC Decreases Stake in Weyerhaeuser (NYSE:WY)

SG Americas Securities LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 95.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,012 shares of the real estate investment trust’s stock after selling 326,431 shares during the quarter. SG Americas Securities LLC’s holdings in Weyerhaeuser were worth $570,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Tocqueville Asset Management L.P. boosted its position in shares of Weyerhaeuser by 7.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,636,909 shares of the real estate investment trust’s stock worth $56,342,000 after buying an additional 115,583 shares in the last quarter. AXA S.A. increased its holdings in Weyerhaeuser by 0.7% during the 2nd quarter. AXA S.A. now owns 580,664 shares of the real estate investment trust’s stock valued at $19,986,000 after acquiring an additional 4,268 shares in the last quarter. MML Investors Services LLC increased its holdings in Weyerhaeuser by 261.2% during the 2nd quarter. MML Investors Services LLC now owns 73,846 shares of the real estate investment trust’s stock valued at $2,542,000 after acquiring an additional 53,400 shares in the last quarter. Calamos Advisors LLC increased its holdings in Weyerhaeuser by 9.7% during the 3rd quarter. Calamos Advisors LLC now owns 263,256 shares of the real estate investment trust’s stock valued at $9,364,000 after acquiring an additional 23,229 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Weyerhaeuser by 23.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 54,725 shares of the real estate investment trust’s stock valued at $1,947,000 after acquiring an additional 10,469 shares in the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.

Shares of WY stock opened at $40.98 on Friday. The firm’s 50 day moving average price is $39.15 and its two-hundred day moving average price is $36.78. Weyerhaeuser has a fifty-two week low of $30.87 and a fifty-two week high of $41.80. The company has a quick ratio of 2.00, a current ratio of 2.32 and a debt-to-equity ratio of 0.49. The stock has a market cap of $30.70 billion, a price-to-earnings ratio of 12.38 and a beta of 1.75.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 28th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Weyerhaeuser had a net margin of 24.69% and a return on equity of 25.96%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 49.0% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 3.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Friday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. Weyerhaeuser’s payout ratio is currently 20.54%.

Several equities analysts have weighed in on the stock. Raymond James raised their target price on shares of Weyerhaeuser from $45.00 to $50.00 and gave the company a “strong-buy” rating in a report on Monday, November 22nd. Zacks Investment Research upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a report on Monday, October 4th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $40.00.

About Weyerhaeuser

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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