Kinneret Advisory LLC Takes $192,000 Position in Weyerhaeuser Co (WY)

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Kinneret Advisory LLC acquired a new position in shares of Weyerhaeuser Co (NYSE:WY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,772 shares of the real estate investment trust’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Weyerhaeuser by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after purchasing an additional 5,195,461 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Weyerhaeuser by 10.5% in the fourth quarter. IFM Investors Pty Ltd now owns 43,844 shares of the real estate investment trust’s stock valued at $958,000 after acquiring an additional 4,163 shares in the last quarter. B. Riley Wealth Management Inc. bought a new position in shares of Weyerhaeuser in the third quarter valued at approximately $225,000. DNB Asset Management AS grew its holdings in shares of Weyerhaeuser by 1.3% in the fourth quarter. DNB Asset Management AS now owns 98,437 shares of the real estate investment trust’s stock valued at $2,152,000 after acquiring an additional 1,311 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Weyerhaeuser by 2.4% in the fourth quarter. State of Alaska Department of Revenue now owns 355,204 shares of the real estate investment trust’s stock valued at $7,762,000 after acquiring an additional 8,468 shares in the last quarter. 76.81% of the stock is owned by hedge funds and other institutional investors.

NYSE:WY opened at $25.55 on Friday. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 5.77 and a beta of 1.65. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $38.39. The company has a current ratio of 0.83, a quick ratio of 0.63 and a debt-to-equity ratio of 0.60.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The company’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts predict that Weyerhaeuser Co will post 0.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 5.32%. Weyerhaeuser’s dividend payout ratio is currently 115.25%.

In other Weyerhaeuser news, insider Russell S. Hagen sold 8,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total transaction of $210,560.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

Several equities analysts have recently issued reports on the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Seaport Global Securities began coverage on Weyerhaeuser in a research note on Wednesday, January 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Raymond James set a $29.00 price objective on Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, January 8th. Finally, Bank of America downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.22.

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Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

Further Reading: Cost of Debt

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Co (NYSE:WY).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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