PNC Financial Services Group Inc. lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,623 shares of the real estate investment trust's stock after selling 8,692 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Weyerhaeuser were worth $4,043,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiduciary Trust Co grew its stake in Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock valued at $1,801,000 after acquiring an additional 331 shares during the last quarter. HB Wealth Management LLC increased its stake in 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 valued at $423,000 after purchasing an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of 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 worth $518,000 after acquiring an additional 367 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after buying an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Weyerhaeuser by 9.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 448 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Stock Up 2.0 %
WY traded up $0.58 on Friday, reaching $29.53. 2,103,373 shares of the company traded hands, compared to its average volume of 3,375,838. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 4.74 and a beta of 1.43. The stock's 50 day moving average price is $29.80 and its 200-day moving average price is $30.77.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results 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 return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.
Analyst Ratings Changes
WY has been the subject of several recent research reports. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.
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Weyerhaeuser Profile
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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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