Woodmont Investment Counsel LLC Has $1.73 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Woodmont Investment Counsel LLC trimmed its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,454 shares of the real estate investment trust's stock after selling 12,751 shares during the period. Woodmont Investment Counsel LLC's holdings in Weyerhaeuser were worth $1,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock valued at $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Weyerhaeuser by 122.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after acquiring an additional 2,685,634 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Weyerhaeuser in the third quarter worth about $40,773,000. Finally, Raymond James Financial Inc. purchased a new position in Weyerhaeuser in the fourth quarter valued at about $26,206,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Weyerhaeuser Price Performance

NYSE:WY traded down $0.21 during mid-day trading on Friday, reaching $29.38. 2,568,832 shares of the stock were exchanged, compared to its average volume of 3,615,623. 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 business has a fifty day moving average price of $30.02 and a 200 day moving average price of $30.71. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.10. The firm has a market capitalization of $21.32 billion, a PE ratio of 53.41, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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%. Research analysts expect that Weyerhaeuser will post 0.78 earnings per share 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 $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.

Wall Street Analysts Forecast Growth

WY has been the topic of several analyst reports. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective 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 research report on Wednesday, January 15th. Finally, CIBC raised shares of 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 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.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

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.