NovaPoint Capital LLC Buys 560 Shares of Weyerhaeuser (NYSE:WY)

NovaPoint Capital LLC increased its stake in shares of Weyerhaeuser (NYSE:WY) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,708 shares of the real estate investment trust’s stock after acquiring an additional 560 shares during the period. NovaPoint Capital LLC’s holdings in Weyerhaeuser were worth $414,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fiduciary Trust Co increased its stake in shares of Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares during the last quarter. Wedmont Private Capital grew its holdings in Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 350 shares during the period. HB Wealth Management LLC increased its position in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the period. Finally, CWM LLC raised its stake in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.34 on Thursday. The company has a market cap of $22.04 billion, a price-to-earnings ratio of 55.16 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a fifty day moving average price of $29.66 and a 200-day moving average price of $30.92.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate 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, equities analysts anticipate that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 145.46%.

Analysts Set New Price Targets

Several analysts recently commented on WY shares. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser 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.