CANADA LIFE ASSURANCE Co Lowers Stake in Weyerhaeuser (NYSE:WY)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 29.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 869,180 shares of the real estate investment trust's stock after selling 362,738 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.12% of Weyerhaeuser worth $24,437,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of WY. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares during the period. Texas Yale Capital Corp. raised its holdings in Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after buying an additional 385 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after buying an additional 416 shares during the period. Unison Advisors LLC increased its position in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after acquiring an additional 419 shares during the period. Finally, Prestige Wealth Management Group LLC increased its position in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 431 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 2.6 %

WY stock traded down $0.67 during midday trading on Friday, reaching $24.83. 1,502,957 shares of the company traded hands, compared to its average volume of 3,693,136. The business has a 50 day moving average of $28.35 and a 200-day moving average of $29.76. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.38%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

Analyst Ratings Changes

WY has been the topic of a number of research reports. Citigroup cut their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC reduced their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.75.

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.