Oppenheimer & Co. Inc. Sells 7,428 Shares of Weyerhaeuser (NYSE:WY)

Oppenheimer & Co. Inc. cut its stake in Weyerhaeuser (NYSE:WY) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 242,416 shares of the real estate investment trust’s stock after selling 7,428 shares during the period. Oppenheimer & Co. Inc.’s holdings in Weyerhaeuser were worth $6,824,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co boosted its stake in Weyerhaeuser by 23.3% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 54,845 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 10,364 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Weyerhaeuser in the 4th quarter valued at $736,000. Union Bancaire Privee UBP SA bought a new position in shares of Weyerhaeuser during the 4th quarter valued at $2,828,000. Wealthspire Advisors LLC grew its holdings in shares of Weyerhaeuser by 8.4% during the 4th quarter. Wealthspire Advisors LLC now owns 13,162 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Winebrenner Capital Management LLC purchased a new position in Weyerhaeuser in the 4th quarter worth $563,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of several analyst reports. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, December 6th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Trading Up 0.8 %

NYSE WY opened at $30.06 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 $26.73 and a fifty-two week high of $36.27. The stock has a market cap of $21.81 billion, a P/E ratio of 54.66, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. The stock has a 50 day simple moving average of $29.37 and a two-hundred day simple moving average of $30.78.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results 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%. On average, analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.79%. Weyerhaeuser’s payout ratio is presently 152.73%.

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.