First Eagle Investment Management LLC Buys 158,800 Shares of Weyerhaeuser (NYSE:WY)

First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,362,306 shares of the real estate investment trust's stock after purchasing an additional 158,800 shares during the quarter. First Eagle Investment Management LLC owned 1.98% of Weyerhaeuser worth $404,299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. Meeder Asset Management Inc. grew 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 acquiring an additional 719 shares during the last quarter. Assetmark Inc. lifted its position in shares of 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 period. Asset Planning Inc acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at $36,000. AdvisorNet Financial Inc lifted its position in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 486 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth $57,000. 82.99% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

WY has been the topic of several research reports. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Raymond James upgraded shares of 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. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.11 during mid-day trading on Tuesday, hitting $29.85. 2,931,001 shares of the stock traded hands, compared to its average volume of 3,358,281. The business's 50-day moving average price is $29.86 and its 200 day moving average price is $30.76. The company has a market cap of $21.66 billion, a PE ratio of 54.27, a price-to-earnings-growth 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 $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 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%. On average, analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.81%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is currently 152.73%.

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.