Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,986,081 shares of the real estate investment trust's stock after purchasing an additional 245,962 shares during the period. Charles Schwab Investment Management Inc. owned 1.24% of Weyerhaeuser worth $252,958,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co increased its position in shares of Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after purchasing an additional 331 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after acquiring an additional 357 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after acquiring an additional 367 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Weyerhaeuser by 3.7% during the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after purchasing an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Weyerhaeuser by 9.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 448 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have commented on the company. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday, December 6th. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating 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 issued a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.
Read Our Latest Stock Analysis on Weyerhaeuser
Weyerhaeuser Stock Down 1.9 %
NYSE:WY traded down $0.57 during mid-day trading on Monday, hitting $30.08. The stock had a trading volume of 4,752,779 shares, compared to its average volume of 3,378,155. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a market capitalization of $21.82 billion, a PE ratio of 54.69, a PEG ratio of 4.74 and a beta of 1.43. The stock has a 50-day simple moving average of $29.69 and a two-hundred day simple moving average of $30.81.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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 anticipate that Weyerhaeuser will post 0.78 EPS for the current year.
Weyerhaeuser Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's payout ratio is 152.73%.
Weyerhaeuser Company 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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