Voya Investment Management LLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 32.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,846 shares of the real estate investment trust's stock after selling 186,134 shares during the quarter. Voya Investment Management LLC owned about 0.05% of Weyerhaeuser worth $11,030,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Weyerhaeuser during the fourth quarter worth about $638,470,000. Cohen & Steers Inc. grew 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 worth $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Daiwa Securities Group Inc. raised its holdings in Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock valued at $137,417,000 after buying an additional 2,685,634 shares during the period. Raymond James Financial Inc. acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $26,206,000. Finally, Sei Investments Co. grew its stake in Weyerhaeuser by 30.5% during the fourth quarter. Sei Investments Co. now owns 3,150,216 shares of the real estate investment trust's stock worth $88,678,000 after buying an additional 736,691 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.
Weyerhaeuser Price Performance
Shares of NYSE:WY traded down $0.06 during trading hours on Thursday, hitting $25.85. 3,651,693 shares of the company's stock traded hands, compared to its average volume of 3,735,241. 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 company's fifty day simple moving average is $28.02 and its two-hundred day simple moving average is $29.55. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. This is an increase 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 currently 168.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on WY. Citigroup decreased their price target 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 reissued an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price for the company. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.75.
Check Out Our Latest Analysis on WY
About Weyerhaeuser
(
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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