Weyerhaeuser (NYSE:WY) Stock Holdings Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,852,503 shares of the real estate investment trust's stock after purchasing an additional 249,257 shares during the period. Allspring Global Investments Holdings LLC owned about 1.22% of Weyerhaeuser worth $247,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Oakworth Capital Inc. purchased a new position in Weyerhaeuser in the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Weyerhaeuser by 4,884.2% during the third 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. Meeder Asset Management Inc. raised its stake in 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 buying an additional 719 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser during the third quarter valued at approximately $45,000. Finally, 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 valued at $47,000 after buying an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

WY traded down $0.10 during trading hours on Friday, hitting $29.60. The company's stock had a trading volume of 2,638,712 shares, compared to its average volume of 3,637,051. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $21.51 billion, a PE ratio of 53.82, a PEG ratio of 4.69 and a beta of 1.42. The company has a 50-day simple moving average of $29.37 and a 200 day simple moving average of $30.88.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, sell-side analysts expect that Weyerhaeuser will post 0.8 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is presently 145.46%.

Analyst Ratings Changes

Several analysts have issued reports 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 price objective on the stock in a research note on Friday, December 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.00.

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.