Sei Investments Co. Buys 736,691 Shares of Weyerhaeuser (NYSE:WY)

Sei Investments Co. increased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,150,216 shares of the real estate investment trust's stock after buying an additional 736,691 shares during the period. Sei Investments Co. owned 0.43% of Weyerhaeuser worth $88,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its stake in shares of Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. State Street Corp lifted its position in Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock valued at $1,063,463,000 after purchasing an additional 761,757 shares during the period. Geode Capital Management LLC grew its position in shares of Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after buying an additional 217,510 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Weyerhaeuser by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after buying an additional 158,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock valued at $252,958,000 after buying an additional 245,962 shares during the period. Institutional investors own 82.99% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WY shares. 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 report on Monday, December 23rd. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Finally, Citigroup decreased their target price 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

NYSE WY traded up $0.18 on Thursday, reaching $29.60. The stock had a trading volume of 3,197,306 shares, compared to its average volume of 3,349,513. Weyerhaeuser has a 1-year low of $26.73 and a 1-year 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 $21.48 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The firm has a fifty day moving average of $30.04 and a two-hundred day moving average of $30.72.

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 (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is presently 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.