National Pension Service Sells 101,690 Shares of Weyerhaeuser (NYSE:WY)

National Pension Service trimmed its stake in Weyerhaeuser (NYSE:WY) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 966,395 shares of the real estate investment trust’s stock after selling 101,690 shares during the quarter. National Pension Service’s holdings in Weyerhaeuser were worth $27,204,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WY. First Trust Direct Indexing L.P. increased its position in shares of Weyerhaeuser by 7.5% in the third quarter. First Trust Direct Indexing L.P. now owns 15,405 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 1,081 shares during the last quarter. Hills Bank & Trust Co bought a new position in shares of Weyerhaeuser in the third quarter worth approximately $110,000. Harbor Capital Advisors Inc. bought a new position in shares of Weyerhaeuser in the third quarter worth approximately $148,000. Van ECK Associates Corp increased its position in shares of Weyerhaeuser by 2,221.8% in the third quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock worth $39,674,000 after purchasing an additional 1,191,983 shares during the last quarter. Finally, BSW Wealth Partners bought a new position in shares of Weyerhaeuser in the third quarter worth approximately $201,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WY has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Down 0.0 %

Shares of Weyerhaeuser stock opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market capitalization of $21.81 billion, a price-to-earnings ratio of 54.65, a P/E/G ratio of 4.74 and a beta of 1.42. The company’s 50 day moving average price is $29.43 and its 200-day moving average price is $30.78.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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%. Equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.79%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

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.