Aviva PLC lowered its stake in Weyerhaeuser (NYSE:WY - Free Report) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,007,234 shares of the real estate investment trust's stock after selling 19,562 shares during the quarter. Aviva PLC owned 0.14% of Weyerhaeuser worth $28,354,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of WY. HB Wealth Management LLC grew its holdings in Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after purchasing an additional 357 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after buying an additional 367 shares during the period. Unison Advisors LLC grew its stake in shares of Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after buying an additional 419 shares during the period. Prestige Wealth Management Group LLC increased its position in Weyerhaeuser by 4.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 431 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Weyerhaeuser by 3.7% during the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after buying an additional 448 shares during the period. Institutional investors own 82.99% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on WY shares. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a report on Tuesday. They set an "overweight" rating and a $31.00 price objective for the company. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.50.
View Our Latest Report on Weyerhaeuser
Weyerhaeuser Stock Down 1.3 %
NYSE:WY traded down $0.33 on Friday, hitting $25.49. The stock had a trading volume of 1,189,617 shares, compared to its average volume of 3,687,401. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.09. The firm's fifty day simple moving average is $29.23 and its two-hundred day simple moving average is $30.27. 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 stock has a market cap of $18.50 billion, a P/E ratio of 46.26, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.
Weyerhaeuser Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.30%. This is a positive change 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 152.73%.
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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