Blair William & Co. IL Has $2.72 Million Stock Position in Weyerhaeuser (NYSE:WY)

Blair William & Co. IL cut its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,579 shares of the real estate investment trust's stock after selling 23,880 shares during the quarter. Blair William & Co. IL's holdings in Weyerhaeuser were worth $2,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WY. Caisse Des Depots ET Consignations acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $5,179,000. NEOS Investment Management LLC boosted its stake in shares of Weyerhaeuser by 31.0% during the 4th quarter. NEOS Investment Management LLC now owns 42,066 shares of the real estate investment trust's stock worth $1,184,000 after acquiring an additional 9,951 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Weyerhaeuser by 3.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,111,713 shares of the real estate investment trust's stock valued at $31,528,000 after purchasing an additional 40,320 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $456,000. Finally, Graney & King LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY traded down $2.06 on Thursday, reaching $27.43. 5,363,624 shares of the stock traded hands, compared to its average volume of 3,693,646. The stock's 50-day moving average price is $29.97 and its 200-day moving average price is $30.66. 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 firm has a market cap of $19.91 billion, a price-to-earnings ratio of 49.86, a P/E/G ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $35.30.

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Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly 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 net margin of 5.56% and a return on equity of 3.86%. Equities analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.06%. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

Analysts Set New Price Targets

WY has been the topic of several recent analyst reports. 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. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.00.

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.