Patten & Patten Inc. TN reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,677 shares of the real estate investment trust's stock after selling 31,818 shares during the period. Patten & Patten Inc. TN's holdings in Weyerhaeuser were worth $1,708,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Fiduciary Trust Co raised its position in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after buying an additional 331 shares during the last quarter. HB Wealth Management LLC increased its stake in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 357 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the last quarter. GAMMA Investing LLC lifted its position in Weyerhaeuser by 3.7% during the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 448 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.
Weyerhaeuser Price Performance
Shares of NYSE:WY traded up $0.22 during midday trading on Thursday, reaching $30.13. 3,010,561 shares of the company's stock traded hands, compared to its average volume of 3,670,712. The company has a market cap of $21.86 billion, a P/E ratio of 54.77, a PEG ratio of 4.74 and a beta of 1.43. The company has a fifty day simple moving average of $29.94 and a two-hundred day simple moving average of $30.75. 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 has a 1 year low of $26.73 and a 1 year high of $36.27.
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 for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities analysts predict 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. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 152.73%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Three equities 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 stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average target price of $35.00.
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Weyerhaeuser Company Profile
(
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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