Weyerhaeuser (NYSE:WY) Holdings Raised by Northern Trust Corp

Northern Trust Corp raised its stake in Weyerhaeuser (NYSE:WY - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,538,125 shares of the real estate investment trust's stock after acquiring an additional 322,313 shares during the period. Northern Trust Corp owned 1.31% of Weyerhaeuser worth $268,498,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in Weyerhaeuser by 290.9% during the 4th 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 period. Asset Planning Inc bought a new position in Weyerhaeuser in the 4th quarter worth approximately $36,000. TD Waterhouse Canada Inc. grew its holdings in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after buying an additional 807 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the 4th quarter valued at $44,000. Finally, Graney & King LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth $44,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 1.4 %

Shares of Weyerhaeuser stock traded up $0.36 during trading on Friday, hitting $26.18. The stock had a trading volume of 3,512,765 shares, compared to its average volume of 3,727,032. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03. The stock has a 50 day simple moving average of $27.86 and a 200 day simple moving average of $29.43. 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 company has a market capitalization of $19.00 billion, a PE ratio of 47.60, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. On average, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WY. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC lowered 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. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price for the company. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.75.

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.