Congress Wealth Management LLC DE Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

Congress Wealth Management LLC DE grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,426 shares of the real estate investment trust’s stock after purchasing an additional 1,253 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Weyerhaeuser were worth $1,560,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. KLP Kapitalforvaltning AS purchased a new position in Weyerhaeuser during the fourth quarter worth about $11,150,000. Sei Investments Co. lifted its holdings in shares of Weyerhaeuser by 30.5% during the 4th quarter. Sei Investments Co. now owns 3,150,216 shares of the real estate investment trust’s stock worth $88,678,000 after acquiring an additional 736,691 shares during the period. American Century Companies Inc. boosted its position in shares of Weyerhaeuser by 31.2% in the fourth quarter. American Century Companies Inc. now owns 342,740 shares of the real estate investment trust’s stock worth $9,648,000 after acquiring an additional 81,484 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Weyerhaeuser by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 68,863 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 21,700 shares during the period. Finally, Virtu Financial LLC acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $256,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $29.60 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 one year low of $26.73 and a one year high of $36.27. The stock’s 50 day moving average price is $30.04 and its 200 day moving average price is $30.72. The firm has a market capitalization of $21.48 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WY. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.