Thrivent Financial for Lutherans Sells 26,765 Shares of Weyerhaeuser (NYSE:WY)

Thrivent Financial for Lutherans lessened its position in Weyerhaeuser (NYSE:WY - Free Report) by 26.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,135 shares of the real estate investment trust's stock after selling 26,765 shares during the quarter. Thrivent Financial for Lutherans' holdings in Weyerhaeuser were worth $2,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Kennondale Capital Management LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $484,000. Mystic Asset Management Inc. acquired a new position in Weyerhaeuser during the 4th quarter valued at $319,000. Cibc World Markets Corp raised its stake in Weyerhaeuser by 12.0% during the 4th quarter. Cibc World Markets Corp now owns 326,048 shares of the real estate investment trust's stock valued at $9,178,000 after purchasing an additional 34,987 shares during the last quarter. American Assets Capital Advisers LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at $625,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Weyerhaeuser by 9.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 38,375 shares of the real estate investment trust's stock worth $1,080,000 after purchasing an additional 3,343 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY traded up $0.21 on Wednesday, hitting $29.35. The stock had a trading volume of 1,299,918 shares, compared to its average volume of 3,618,964. The firm's 50 day moving average price is $29.97 and its 200-day moving average price is $30.67. 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 twelve month low of $26.73 and a twelve month high of $35.50. The company has a market capitalization of $21.30 billion, a price-to-earnings ratio of 53.30, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Remove Ads

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly 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 net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. Weyerhaeuser's dividend payout ratio is 152.73%.

Analyst Upgrades and Downgrades

WY has been the subject of several research reports. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. BMO Capital Markets upgraded 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. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research 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 company. According to MarketBeat, Weyerhaeuser has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser 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.