Czech National Bank Grows Stock Position in Weyerhaeuser (NYSE:WY)

Czech National Bank lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,538 shares of the real estate investment trust's stock after purchasing an additional 9,377 shares during the period. Czech National Bank's holdings in Weyerhaeuser were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser in the 2nd quarter worth about $27,000. Bangor Savings Bank increased its stake in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after buying an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 719 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research analyst reports. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.14.

Weyerhaeuser Trading Up 1.6 %

NYSE WY traded up $0.48 on Thursday, reaching $30.04. The stock had a trading volume of 2,706,141 shares, compared to its average volume of 3,562,854. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $29.88 and a two-hundred day moving average price of $30.72. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a market capitalization of $21.83 billion, a price-to-earnings ratio of 40.59 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was down 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser's payout ratio is 108.11%.

About Weyerhaeuser

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.