Vicus Capital Reduces Stock Holdings in Weyerhaeuser (NYSE:WY)

Vicus Capital lowered its position in Weyerhaeuser (NYSE:WY) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,820 shares of the real estate investment trust’s stock after selling 550 shares during the quarter. Vicus Capital’s holdings in Weyerhaeuser were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. American National Bank lifted its position in Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the last quarter. Lindbrook Capital LLC lifted its position in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the first quarter valued at about $33,000. Register Financial Advisors LLC acquired a new position in Weyerhaeuser in the first quarter valued at about $36,000. Finally, Northwest Bank & Trust Co acquired a new position in Weyerhaeuser in the fourth quarter valued at about $38,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 0.9 %

NYSE:WY traded down $0.28 during mid-day trading on Thursday, hitting $30.13. The stock had a trading volume of 1,213,079 shares, compared to its average volume of 3,555,320. The stock has a 50-day simple moving average of $29.60 and a two-hundred day simple moving average of $31.53. The company has a market capitalization of $21.97 billion, a PE ratio of 27.65 and a beta of 1.39. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser will post 0.59 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WY. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.83.

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.