Tidal Investments LLC Raises Stock Position in Weyerhaeuser (NYSE:WY)

Tidal Investments LLC raised its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299,993 shares of the real estate investment trust's stock after purchasing an additional 41,828 shares during the period. Tidal Investments LLC's holdings in Weyerhaeuser were worth $8,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cohen & Steers Inc. boosted its holdings in shares of 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 valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $638,470,000. Geode Capital Management LLC raised its position in shares of Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after buying an additional 637,643 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after buying an additional 158,800 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after buying an additional 322,313 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WY shares. CIBC decreased their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday. Wall Street Zen upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Trading Down 0.1%

Weyerhaeuser stock traded down $0.03 during midday trading on Friday, reaching $25.22. The stock had a trading volume of 3,342,876 shares, compared to its average volume of 3,753,643. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of 45.86, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15. The company has a fifty day moving average of $26.64 and a 200 day moving average of $28.83.

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 for the quarter, hitting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. On average, analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

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

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.