Northwest & Ethical Investments L.P. Sells 36,589 Shares of Weyerhaeuser (NYSE:WY)

Northwest & Ethical Investments L.P. trimmed its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,455 shares of the real estate investment trust's stock after selling 36,589 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Weyerhaeuser were worth $3,053,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after buying an additional 719 shares in the last quarter. Assetmark Inc. grew its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc acquired a new position in Weyerhaeuser during the fourth quarter worth about $36,000. AdvisorNet Financial Inc raised its stake in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $57,000. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Citigroup lowered their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company 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 on the stock in a report on Monday, December 23rd. BMO Capital Markets raised 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. Finally, 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, January 15th. 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 stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

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Weyerhaeuser Trading Down 1.3 %

Shares of WY stock traded down $0.37 on Tuesday, hitting $29.19. The company had a trading volume of 2,735,971 shares, compared to its average volume of 3,362,767. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The firm has a market cap of $21.18 billion, a P/E ratio of 53.07, a P/E/G ratio of 4.74 and a beta of 1.43. The stock's 50-day moving average is $30.04 and its two-hundred day moving average is $30.74.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results 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 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.88%. Weyerhaeuser's payout ratio is presently 152.73%.

Weyerhaeuser 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.