Ameriprise Financial Inc. Boosts Stock Holdings in Weyerhaeuser (NYSE:WY)

Ameriprise Financial Inc. grew its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 9.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,398,286 shares of the real estate investment trust's stock after acquiring an additional 118,938 shares during the quarter. Ameriprise Financial Inc. owned 0.19% of Weyerhaeuser worth $39,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. boosted its holdings in Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Norges Bank purchased a new position in Weyerhaeuser during the 4th quarter worth $638,470,000. Geode Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock worth $566,527,000 after buying an additional 637,643 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after buying an additional 158,800 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Weyerhaeuser by 3.5% in the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after buying an additional 322,313 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 1.0%

WY stock opened at $26.20 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $27.40 and its 200 day moving average is $29.19. The stock has a market cap of $19.00 billion, a price-to-earnings ratio of 47.64, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the business earned $0.16 earnings per share. The business's quarterly revenue was down 4.9% on a year-over-year basis. Sell-side analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio is 168.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on WY. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Citigroup dropped their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser 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.

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