Weyerhaeuser (NYSE:WY) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,284,814 shares of the real estate investment trust's stock after selling 83,845 shares during the period. California Public Employees Retirement System owned 0.18% of Weyerhaeuser worth $36,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WY. Townsquare Capital LLC acquired a new position in shares of Weyerhaeuser in the third quarter valued at approximately $297,000. Rockefeller Capital Management L.P. increased its stake in Weyerhaeuser by 13.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust's stock valued at $2,853,000 after buying an additional 10,095 shares during the period. Erste Asset Management GmbH purchased a new position in Weyerhaeuser during the 3rd quarter worth $1,282,000. Integrated Wealth Concepts LLC lifted 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 worth $518,000 after acquiring an additional 367 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the 3rd quarter worth $407,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of WY stock traded down $1.21 during mid-day trading on Friday, reaching $26.22. The stock had a trading volume of 6,633,633 shares, compared to its average volume of 3,653,548. Weyerhaeuser has a 12-month low of $26.07 and a 12-month high of $35.08. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $29.92 and a 200 day simple moving average of $30.64. The company has a market cap of $19.03 billion, a P/E ratio of 47.67, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.

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Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. 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 3.20%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WY shares. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

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.