Weyerhaeuser (NYSE:WY) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its holdings in Weyerhaeuser (NYSE:WY) by 3.1% in the 4th quarter, HoldingsChannel reports. The fund owned 72,919 shares of the real estate investment trust’s stock after selling 2,312 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Weyerhaeuser were worth $2,053,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Assetmark Inc. grew its position in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new stake in Weyerhaeuser in the 4th quarter valued at about $44,000. Graney & King LLC acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.7 %

Shares of Weyerhaeuser stock opened at $29.38 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.10. The stock has a market cap of $21.32 billion, a price-to-earnings ratio of 53.41, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $30.02 and a 200 day moving average price of $30.71.

Weyerhaeuser (NYSE:WY) last issued 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%. Equities research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.86%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WY shares. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Three equities 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’s stock. According to data from MarketBeat, Weyerhaeuser has an average 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.