Wealthfront Advisers LLC Grows Stock Position in Weyerhaeuser Company (NYSE:WY)

Wealthfront Advisers LLC raised its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 40.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 60,654 shares of the real estate investment trust's stock after buying an additional 17,578 shares during the period. Wealthfront Advisers LLC's holdings in Weyerhaeuser were worth $1,776,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $638,470,000. Cohen & Steers Inc. increased its stake 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 buying an additional 14,213,243 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Weyerhaeuser by 63.9% during the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock worth $212,733,000 after buying an additional 2,833,288 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Weyerhaeuser by 23,525.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,428,378 shares of the real estate investment trust's stock worth $41,823,000 after purchasing an additional 1,422,332 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Weyerhaeuser by 43.6% during the 4th quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock worth $118,140,000 after purchasing an additional 1,273,217 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $25.30 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The company has a market cap of $18.35 billion, a P/E ratio of 50.60, a PEG ratio of 42.52 and a beta of 1.14. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a 50-day moving average price of $26.19 and a 200 day moving average price of $27.70.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results 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. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the company posted $0.16 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. Research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.32%. Weyerhaeuser's payout ratio is currently 168.00%.

Weyerhaeuser declared that its Board of Directors has authorized a share buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WY shares. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Friday. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Citigroup cut their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. CIBC cut their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.13.

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.

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