AEGON ASSET MANAGEMENT UK Plc Trims Position in Weyerhaeuser (NYSE:WY)

AEGON ASSET MANAGEMENT UK Plc trimmed its position in Weyerhaeuser (NYSE:WY) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 919,263 shares of the real estate investment trust’s stock after selling 642,668 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Weyerhaeuser were worth $25,859,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp grew its position in Weyerhaeuser by 4.4% during the fourth quarter. Fifth Third Bancorp now owns 60,185 shares of the real estate investment trust’s stock valued at $1,694,000 after buying an additional 2,545 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Weyerhaeuser by 13.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,790 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 922 shares during the last quarter. Inspire Investing LLC grew its position in shares of Weyerhaeuser by 9.9% during the 4th quarter. Inspire Investing LLC now owns 9,234 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 830 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Weyerhaeuser by 33.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust’s stock worth $1,203,000 after purchasing an additional 10,601 shares in the last quarter. Finally, Sharp Financial Services LLC bought a new position in Weyerhaeuser in the 4th quarter worth $203,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.2 %

Shares of WY opened at $30.01 on Friday. The firm has a market cap of $21.81 billion, a P/E ratio of 40.56 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a 50 day simple moving average of $29.73 and a two-hundred day simple moving average of $30.83.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. On average, equities analysts expect that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. Weyerhaeuser’s payout ratio is 108.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WY shares. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Citigroup cut their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have assigned 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.