Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Weyerhaeuser (NYSE:WY)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,210 shares of the real estate investment trust's stock after buying an additional 8,675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Weyerhaeuser were worth $4,116,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WY. Meeder Asset Management Inc. increased its holdings in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 719 shares during the last quarter. Assetmark Inc. boosted its position in Weyerhaeuser by 290.9% during the fourth 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 during the period. Asset Planning Inc purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $36,000. AdvisorNet Financial Inc raised its position in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 486 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at approximately $57,000. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup lowered 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 on the stock in a report on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

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Weyerhaeuser Price Performance

Shares of WY stock traded up $0.04 during trading on Wednesday, hitting $29.90. The company had a trading volume of 1,700,523 shares, compared to its average volume of 3,649,605. The stock's 50-day moving average is $29.89 and its two-hundred day moving average is $30.76. The stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 54.37, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping 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%. As a group, analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

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.