Diversified Trust Co lowered its position in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,704 shares of the real estate investment trust’s stock after selling 4,305 shares during the period. Diversified Trust Co’s holdings in Weyerhaeuser were worth $797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Advocates Investment Management lifted its position in Weyerhaeuser by 7.7% in the third quarter. Financial Advocates Investment Management now owns 7,348 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 528 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in Weyerhaeuser by 9.8% during the 3rd quarter. First Republic Investment Management Inc. now owns 347,464 shares of the real estate investment trust’s stock valued at $9,924,000 after buying an additional 30,881 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Weyerhaeuser by 3.1% during the 3rd quarter. Treasurer of the State of North Carolina now owns 406,727 shares of the real estate investment trust’s stock valued at $11,616,000 after buying an additional 12,332 shares during the period. Foundations Investment Advisors LLC grew its holdings in Weyerhaeuser by 303.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 75,602 shares of the real estate investment trust’s stock worth $2,344,000 after acquiring an additional 56,855 shares during the last quarter. Finally, Utah Retirement Systems increased its position in shares of Weyerhaeuser by 0.5% in the third quarter. Utah Retirement Systems now owns 133,645 shares of the real estate investment trust’s stock valued at $3,817,000 after acquiring an additional 600 shares during the period. 80.86% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
WY has been the subject of a number of analyst reports. BMO Capital Markets dropped their target price on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating for the company in a report on Monday, February 6th. Raymond James increased their price objective on Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a report on Monday, February 13th. StockNews.com assumed coverage on Weyerhaeuser in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Citigroup upped their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, January 31st. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $37.43.
Insiders Place Their Bets
Weyerhaeuser Stock Up 0.8 %
Shares of NYSE:WY opened at $28.54 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.26 and a current ratio of 1.58. The firm has a market capitalization of $20.90 billion, a P/E ratio of 11.28 and a beta of 1.47. The stock has a 50 day moving average price of $31.81 and a 200-day moving average price of $31.28. Weyerhaeuser has a 52-week low of $27.36 and a 52-week high of $42.86.
Weyerhaeuser (NYSE:WY – Get Rating) last announced its quarterly earnings data on Friday, January 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Weyerhaeuser had a net margin of 18.46% and a return on equity of 21.08%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s revenue was down 17.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Weyerhaeuser will post 1.05 EPS for the current fiscal year.
Weyerhaeuser Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Thursday, March 2nd. Weyerhaeuser’s payout ratio is 30.04%.
About Weyerhaeuser
Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.
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