Weyerhaeuser (NYSE:WY) Holdings Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,899 shares of the real estate investment trust's stock after selling 27,832 shares during the quarter. Corient Private Wealth LLC's holdings in Weyerhaeuser were worth $7,513,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WY. 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 acquiring an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser during the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. lifted its holdings in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after buying an additional 719 shares during the last quarter. AdvisorNet Financial Inc grew its position in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on WY. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Friday, December 6th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Price Performance

Shares of WY stock traded down $0.37 during midday trading on Tuesday, reaching $29.19. 2,174,011 shares of the company were exchanged, compared to its average volume of 3,362,767. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. 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 company has a market cap of $21.18 billion, a P/E ratio of 53.07, a PEG ratio of 4.74 and a beta of 1.43. The company's 50 day moving average price is $30.04 and its two-hundred day moving average price is $30.74.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.

About Weyerhaeuser

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.