Huntington National Bank Sells 819 Shares of Weyerhaeuser (NYSE:WY)

Huntington National Bank lessened its holdings in Weyerhaeuser (NYSE:WY) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,921 shares of the real estate investment trust’s stock after selling 819 shares during the period. Huntington National Bank’s holdings in Weyerhaeuser were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. boosted its holdings in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc acquired a new stake in Weyerhaeuser during the 4th quarter worth approximately $36,000. Lee Danner & Bass Inc. acquired a new stake in Weyerhaeuser during the 4th quarter worth approximately $44,000. Graney & King LLC acquired a new position in Weyerhaeuser in the 4th quarter valued at $44,000. Finally, AdvisorNet Financial Inc grew its holdings in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Finally, Citigroup reduced their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Trading Down 4.4 %

Shares of WY stock opened at $26.22 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 fifty-two week low of $26.07 and a fifty-two week high of $35.08. The company has a market cap of $19.03 billion, a PE ratio of 47.67, a P/E/G ratio of 4.74 and a beta of 1.25. The stock’s fifty day moving average price is $29.84 and its two-hundred day moving average price is $30.60.

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%. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

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.