Weyerhaeuser (NYSE:WY) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 383,748 shares of the real estate investment trust's stock after selling 19,062 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Weyerhaeuser worth $10,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its position 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 buying an additional 922 shares in the last quarter. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at about $44,000. AdvisorNet Financial Inc raised 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 valued at $47,000 after purchasing an additional 486 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Raymond James upgraded 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. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Stock Performance

Shares of NYSE WY traded up $0.17 during trading on Wednesday, reaching $29.31. 2,657,427 shares of the company traded hands, compared to its average volume of 3,624,307. The stock has a market cap of $21.27 billion, a P/E ratio of 53.29, a PEG ratio of 4.74 and a beta of 1.43. The firm's fifty day simple moving average is $29.97 and its 200 day simple moving average is $30.67. 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 12-month low of $26.73 and a 12-month high of $35.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly 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 return on equity of 3.86% and a net margin of 5.56%. As a group, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.87%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's payout ratio is 152.73%.

Weyerhaeuser Company 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.