Allianz Asset Management GmbH Sells 84,333 Shares of Weyerhaeuser (NYSE:WY)

Allianz Asset Management GmbH cut its position in Weyerhaeuser (NYSE:WY) by 6.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,210,813 shares of the real estate investment trust’s stock after selling 84,333 shares during the quarter. Allianz Asset Management GmbH’s holdings in Weyerhaeuser were worth $34,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Weyerhaeuser by 22.4% during the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after buying an additional 13,572 shares during the last quarter. Signaturefd LLC raised its stake in Weyerhaeuser by 22.9% during the third quarter. Signaturefd LLC now owns 4,874 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 908 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Weyerhaeuser by 6,118.3% in the third quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock worth $6,641,000 after acquiring an additional 192,971 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 96,094 shares of the real estate investment trust’s stock valued at $3,254,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of Weyerhaeuser by 4.3% during the 3rd quarter. Dakota Wealth Management now owns 14,881 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.0 %

Shares of NYSE:WY opened at $29.69 on Monday. The firm has a market cap of $21.54 billion, a P/E ratio of 53.97, a P/E/G ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The business has a fifty day simple moving average of $29.26 and a 200 day simple moving average of $30.80. 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 (NYSE:WY) last posted its quarterly earnings data 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 return on equity of 3.86% and a net margin of 5.56%. Analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 145.46%.

Analyst Ratings Changes

WY has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. Citigroup cut 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. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Three 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’s stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.