Legal & General Group Plc lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,169,384 shares of the real estate investment trust's stock after selling 2,056,582 shares during the quarter. Legal & General Group Plc owned about 1.40% of Weyerhaeuser worth $286,268,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in WY. Integrated Wealth Concepts LLC lifted its holdings in Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 367 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Weyerhaeuser by 17.7% in the 3rd quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust's stock valued at $576,000 after purchasing an additional 2,563 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Weyerhaeuser by 80.1% during the 3rd quarter. National Bank of Canada FI now owns 381,245 shares of the real estate investment trust's stock worth $12,909,000 after purchasing an additional 169,614 shares during the period. MML Investors Services LLC increased its position in shares of Weyerhaeuser by 7.9% during the 3rd quarter. MML Investors Services LLC now owns 76,897 shares of the real estate investment trust's stock worth $2,604,000 after purchasing an additional 5,632 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Weyerhaeuser by 7.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 222,000 shares of the real estate investment trust's stock valued at $7,517,000 after buying an additional 15,403 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on WY. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.50.
Get Our Latest Research Report on Weyerhaeuser
Weyerhaeuser Stock Up 1.3 %
WY traded up $0.34 on Monday, hitting $26.14. 501,850 shares of the company were exchanged, compared to its average volume of 3,688,978. The firm has a 50-day moving average price of $29.14 and a two-hundred day moving average price of $30.20. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping 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, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.
Weyerhaeuser Increases Dividend
The company 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 boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, March 7th. Weyerhaeuser's payout ratio is 152.73%.
About Weyerhaeuser
(
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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