Weyerhaeuser (NYSE:WY) Position Reduced by National Bank of Canada FI

National Bank of Canada FI reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,020 shares of the real estate investment trust's stock after selling 32,225 shares during the period. National Bank of Canada FI's holdings in Weyerhaeuser were worth $9,825,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc purchased a new position in Weyerhaeuser during the fourth quarter worth $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser in the fourth quarter worth $44,000. Graney & King LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at $44,000. Finally, AdvisorNet Financial Inc boosted its stake in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 4.0 %

NYSE WY traded down $1.05 on Thursday, reaching $25.51. The company had a trading volume of 630,889 shares, compared to its average volume of 3,682,863. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.26. The firm has a 50-day moving average of $29.33 and a 200-day moving average of $30.33. The firm has a market capitalization of $18.52 billion, a PE ratio of 46.61, a P/E/G ratio of 4.74 and a beta of 1.25.

Remove Ads

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WY shares. Citigroup reduced 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. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.50.

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.