Schroder Investment Management Group lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,900,633 shares of the real estate investment trust's stock after selling 123,703 shares during the period. Schroder Investment Management Group owned 0.26% of Weyerhaeuser worth $53,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $44,000. Graney & King LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at $44,000. Finally, AdvisorNet Financial Inc raised its position in 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. Hedge funds and other institutional investors own 82.99% of the company's stock.
Analyst Ratings Changes
Several brokerages have issued reports on WY. Cibc World Mkts raised shares of 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 price target on the stock in a report on Monday, December 23rd. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Read Our Latest Stock Report on WY
Weyerhaeuser Price Performance
Shares of Weyerhaeuser stock traded down $2.06 during trading on Thursday, reaching $27.43. The company's stock had a trading volume of 5,363,687 shares, compared to its average volume of 3,637,584. The business has a 50 day moving average price of $29.97 and a 200-day moving average price of $30.66. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $35.30. The company has a market capitalization of $19.91 billion, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. 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 released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.
Weyerhaeuser Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.06%. Weyerhaeuser's payout ratio is currently 152.73%.
Weyerhaeuser 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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