Weyerhaeuser (NYSE:WY) Stock Position Lifted by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,893 shares of the real estate investment trust’s stock after acquiring an additional 431 shares during the period. Prestige Wealth Management Group LLC’s holdings in Weyerhaeuser were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after buying an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock worth $137,417,000 after purchasing an additional 2,685,634 shares during the period. Point72 Asset Management L.P. bought a new position in Weyerhaeuser during the 3rd quarter valued at $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Weyerhaeuser during the 4th quarter valued at $26,206,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of several research analyst reports. 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 shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Down 1.3 %

Shares of NYSE:WY opened at $29.19 on Wednesday. The firm has a 50 day simple moving average of $30.05 and a 200 day simple moving average of $30.73. Weyerhaeuser has a 52 week low of $26.73 and a 52 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 company has a market cap of $21.18 billion, a PE ratio of 53.07, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. 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 yield of 2.88%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

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.