UniSuper Management Pty Ltd trimmed its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 304,591 shares of the real estate investment trust's stock after selling 12,479 shares during the quarter. UniSuper Management Pty Ltd's holdings in Weyerhaeuser were worth $8,574,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in Weyerhaeuser by 12.7% during the 3rd 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 buying an additional 4,035,048 shares during the last quarter. State Street Corp grew its holdings in shares of Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock worth $1,063,463,000 after acquiring an additional 761,757 shares during the period. Geode Capital Management LLC increased its position in Weyerhaeuser by 1.1% during the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after acquiring an additional 217,510 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after acquiring an additional 158,800 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position 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 worth $252,958,000 after purchasing an additional 245,962 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on WY. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. 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. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $35.00.
Get Our Latest Analysis on Weyerhaeuser
Weyerhaeuser Price Performance
WY stock traded down $0.22 during midday trading on Tuesday, hitting $29.06. The company's stock had a trading volume of 760,083 shares, compared to its average volume of 3,606,180. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.10. The company has a 50 day moving average of $30.00 and a two-hundred day moving average of $30.69. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 52.81, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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, analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.
Weyerhaeuser Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.
About Weyerhaeuser
(
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.
Further Reading
Before you consider Weyerhaeuser, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Weyerhaeuser wasn't on the list.
While Weyerhaeuser currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
