Hartford Financial Management Inc. Has $587,000 Holdings in Weyerhaeuser (NYSE:WY)

Hartford Financial Management Inc. cut its position in shares of Weyerhaeuser (NYSE:WY) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,850 shares of the real estate investment trust’s stock after selling 1,654 shares during the period. Hartford Financial Management Inc.’s holdings in Weyerhaeuser were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Weyerhaeuser by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 565,350 shares of the real estate investment trust’s stock valued at $16,050,000 after acquiring an additional 121,808 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Weyerhaeuser in the second quarter worth $633,000. Mackenzie Financial Corp increased its position in Weyerhaeuser by 6.2% during the second quarter. Mackenzie Financial Corp now owns 101,943 shares of the real estate investment trust’s stock worth $2,894,000 after buying an additional 5,941 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Weyerhaeuser by 5.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 63,100 shares of the real estate investment trust’s stock valued at $1,791,000 after buying an additional 3,500 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Weyerhaeuser by 2.0% in the second quarter. Clearbridge Investments LLC now owns 65,722 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 1,319 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.06 on Friday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $22.56 billion, a P/E ratio of 41.97 and a beta of 1.42. The stock has a 50 day moving average of $29.73 and a two-hundred day moving average of $30.90. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. As a group, equities analysts expect that Weyerhaeuser will post 0.49 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced 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 was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $35.14.

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.