Daiwa Securities Group Inc. lifted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 122.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,881,592 shares of the real estate investment trust's stock after purchasing an additional 2,685,634 shares during the quarter. Daiwa Securities Group Inc. owned about 0.67% of Weyerhaeuser worth $137,417,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Weyerhaeuser by 6.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 146,210 shares of the real estate investment trust's stock valued at $4,116,000 after purchasing an additional 8,675 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in shares of Weyerhaeuser by 1.1% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 79,393 shares of the real estate investment trust's stock valued at $2,235,000 after purchasing an additional 886 shares during the last quarter. Barings LLC increased its stake in Weyerhaeuser by 36.1% during the fourth quarter. Barings LLC now owns 126,160 shares of the real estate investment trust's stock worth $3,551,000 after acquiring an additional 33,474 shares during the last quarter. Lifeworks Advisors LLC acquired a new stake in Weyerhaeuser during the fourth quarter worth $228,000. Finally, Larson Financial Group LLC increased its stake in Weyerhaeuser by 23.9% during the fourth quarter. Larson Financial Group LLC now owns 60,385 shares of the real estate investment trust's stock worth $1,700,000 after acquiring an additional 11,639 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Wall Street Analyst Weigh In
WY has been the subject of several recent analyst reports. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James raised 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. Finally, Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. 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. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.
Get Our Latest Research Report on WY
Weyerhaeuser Trading Down 1.1 %
Shares of WY traded down $0.33 during midday trading on Wednesday, hitting $29.26. 3,960,649 shares of the stock were exchanged, compared to its average volume of 3,382,552. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a fifty day simple moving average of $29.79 and a 200 day simple moving average of $30.79. The firm has a market cap of $21.23 billion, a P/E ratio of 53.19, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.
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 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, research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.87%. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.
Weyerhaeuser Company Profile
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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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