Virtu Financial LLC Acquires Shares of 9,082 Weyerhaeuser (NYSE:WY)

Virtu Financial LLC purchased a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,082 shares of the real estate investment trust's stock, valued at approximately $256,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in 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 worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. State Street Corp boosted its stake in Weyerhaeuser by 2.5% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after purchasing an additional 217,510 shares during the period. First Eagle Investment Management LLC increased its stake 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 purchasing an additional 158,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Weyerhaeuser by 2.8% during 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 purchasing an additional 245,962 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

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Weyerhaeuser Stock Up 0.7 %

NYSE:WY traded up $0.20 on Wednesday, hitting $29.34. The stock had a trading volume of 1,299,918 shares, compared to its average volume of 3,618,964. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $35.50. The firm's fifty day simple moving average is $29.97 and its two-hundred day simple moving average is $30.67. The stock has a market cap of $21.30 billion, a P/E ratio of 53.30, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. 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 (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Weyerhaeuser will post 0.78 earnings per share 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 paid a $0.21 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.86%. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Finally, Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.00.

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.