|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Hudson Valley Investment Advisors Ups Stake in Weyerhaeuser by 91.2%
Mar 24, 2024 at 07:03 pm
Hudson Valley Investment Advisors made a bold move by increasing their stake in Weyerhaeuser. The firm now holds 248,317 shares of WY, making them the stock's 24th largest shareholder with a stake valued at around $8 million. This significant play showcases Hudson Valley's confidence in the real estate investment trust (REIT) space.
Hudson Valley Investment Advisors Increases Stake in Weyerhaeuser
What's the scoop on Hudson Valley Investment Advisors' recent stock play?
Hudson Valley Investment Advisors has made a significant move in the real estate investment trust (REIT) space, increasing its stake in Weyerhaeuser (NYSE: WY) by a whopping 91.2% in the fourth quarter. The firm now holds 248,317 shares of WY, making it the stock's 24th largest shareholder. At current market prices, Hudson Valley's stake is valued at approximately $8 million.
Other Hedge Funds Eyeing Weyerhaeuser
Is Hudson Valley the only one betting on Weyerhaeuser?
Nope. Several other hedge funds have also made moves in the company's stock. Norges Bank, a Norwegian sovereign wealth fund, acquired a new stake in WY valued at nearly half a billion dollars in the fourth quarter. Wellington Management Group and Jupiter Asset Management both increased their positions by significant percentages, while BlackRock and FMR LLC also boosted their holdings.
Institutional Investors Flock to Weyerhaeuser
Who's behind the scenes at Weyerhaeuser?
Institutional investors hold a hefty 79.54% of Weyerhaeuser's outstanding shares. This shows that big money is betting on the company's long-term prospects.
Analysts Weigh In on Weyerhaeuser
What do the experts think?
Analysts have mixed views on Weyerhaeuser. CIBC has assigned a neutral rating with a $37.00 price target, while BMO Capital Markets has upgraded the stock to market perform with a $38.00 target. Royal Bank of Canada is bullish, reiterating an outperform rating with a $39.00 target. However, Raymond James and StockNews.com have downgraded the stock to market perform and hold, respectively.
Weyerhaeuser's Financials
How's Weyerhaeuser doing financially?
Weyerhaeuser reported solid earnings in its latest quarterly report. The company beat analysts' estimates by $0.02, posting earnings per share of $0.16. Revenue came in slightly below expectations at $1.77 billion. Despite a 2.7% decline in quarterly revenue compared to the same period last year, analysts remain optimistic, projecting earnings per share of $1.03 for the current fiscal year.
Weyerhaeuser Raises Dividend
What's the dividend story?
Good news for income investors! Weyerhaeuser recently announced a quarterly dividend of $0.20 per share, payable on March 22nd. This represents a $0.80 annualized dividend and a yield of 2.25%. Weyerhaeuser has increased its dividend over the past year, providing a steady stream of income for shareholders.
Insider Trading at Weyerhaeuser
Who's buying and selling inside Weyerhaeuser?
Insiders have been relatively active in Weyerhaeuser's stock. CFO David M. Wold sold 923 shares in January, while SVP Denise M. Merle sold 7,500 shares in December. Despite these sales, insiders still own a significant 0.27% of the company's shares.
About Weyerhaeuser
Who is Weyerhaeuser, anyway?
Weyerhaeuser is a major player in the timber industry, owning or controlling approximately 11 million acres of timberlands in the U.S. and Canada. The company operates sustainably, adhering to internationally recognized forestry standards.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Coinbase Revenue Tumbles 28% as Retail Customers Show No Sign of Regaining Interest in Crypto
- Nov 01, 2024 at 12:30 am
- The Coinbase (NASDAQ: COIN) digital asset exchange saw transactions and revenue tumble in the third quarter of 2024 as retail customers showed zero sign of regaining interest in all things ‘crypto.’
-
- Don't Miss Out on These 3 Altcoins with 5,000% Growth Potential in 2024-2025
- Nov 01, 2024 at 12:25 am
- In the dynamic world of cryptocurrency, a few hidden gems stand poised for meteoric rises. Forecasts suggest that three specific altcoins might soar by as much as 5,000% in the next two years. Discover which digital currencies could redefine portfolios and why they hold such remarkable potential.