The Manufacturers Life Insurance Company boosted its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,165,085 shares of the real estate investment trust's stock after buying an additional 23,725 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.16% of Weyerhaeuser worth $32,797,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $36,000. TD Waterhouse Canada Inc. boosted its stake in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 807 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser in the fourth quarter valued at approximately $44,000. Finally, Graney & King LLC acquired a new stake in Weyerhaeuser in the fourth quarter worth $44,000. 82.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
WY has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Finally, CIBC cut their price objective 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. Three investment 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. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average target price of $33.75.
Read Our Latest Research Report on WY
Weyerhaeuser Stock Up 1.4 %
Shares of NYSE:WY traded up $0.36 during midday trading on Friday, reaching $26.18. The company had a trading volume of 3,512,765 shares, compared to its average volume of 3,727,032. The business's 50 day moving average price is $27.86 and its 200 day moving average price is $29.43. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a market cap of $18.99 billion, a PE ratio of 47.60, a P/E/G ratio of 4.74 and a beta of 1.15.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. Research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 168.00%.
Weyerhaeuser Company Profile
(
Free Report)
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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