Weyerhaeuser (NYSE:WY) Position Lessened by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 665,477 shares of the real estate investment trust's stock after selling 11,737 shares during the period. Stifel Financial Corp owned approximately 0.09% of Weyerhaeuser worth $18,733,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. increased its stake in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Norges Bank purchased a new position in shares of Weyerhaeuser during the 4th quarter worth $638,470,000. Geode Capital Management LLC increased 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 worth $566,527,000 after purchasing an additional 637,643 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 1.1% in 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock valued at $252,958,000 after buying an additional 245,962 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.11 during midday trading on Thursday, reaching $25.80. 911,513 shares of the company traded hands, compared to its average volume of 3,808,214. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a fifty day moving average price of $28.02 and a 200 day moving average price of $29.55.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The business 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 business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share. On average, analysts expect 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. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. 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 (DPR) is presently 168.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup dropped their target price on 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 restated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note 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. CIBC reduced their price target 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, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Three equities research 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.75.

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.