California State Teachers Retirement System Sells 206,996 Shares of Weyerhaeuser (NYSE:WY)

California State Teachers Retirement System lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 919,256 shares of the real estate investment trust's stock after selling 206,996 shares during the quarter. California State Teachers Retirement System owned 0.13% of Weyerhaeuser worth $25,877,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. 111 Capital purchased a new stake in Weyerhaeuser during the 4th quarter worth about $413,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Weyerhaeuser by 17.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 72,630 shares of the real estate investment trust's stock valued at $2,045,000 after purchasing an additional 10,556 shares in the last quarter. Comprehensive Money Management Services LLC bought a new stake in Weyerhaeuser in the fourth quarter worth $2,230,000. Siemens Fonds Invest GmbH boosted its holdings in Weyerhaeuser by 130.8% in the fourth quarter. Siemens Fonds Invest GmbH now owns 34,627 shares of the real estate investment trust's stock worth $975,000 after acquiring an additional 19,625 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Weyerhaeuser in the fourth quarter worth $13,868,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, CIBC dropped their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.17 during mid-day trading on Tuesday, hitting $25.84. 701,207 shares of the stock were exchanged, compared to its average volume of 3,776,776. The stock's fifty day simple moving average is $26.19 and its two-hundred day simple moving average is $28.58. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a market capitalization of $18.74 billion, a price-to-earnings ratio of 46.98, a P/E/G ratio of 4.74 and a beta of 1.15.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm's quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. Weyerhaeuser's dividend payout ratio is presently 168.00%.

Weyerhaeuser announced that its board has approved a share buyback program on Thursday, May 8th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

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.