Weyerhaeuser Company $WY Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its stake in Weyerhaeuser Company (NYSE:WY) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,357,852 shares of the real estate investment trust’s stock after purchasing an additional 528,269 shares during the period. Russell Investments Group Ltd. owned about 0.47% of Weyerhaeuser worth $86,284,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the first quarter valued at $29,000. Hantz Financial Services Inc. boosted its holdings in shares of Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares in the last quarter. Costello Asset Management INC acquired a new position in Weyerhaeuser during the 1st quarter worth approximately $32,000. Private Wealth Asset Management LLC grew its holdings in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 807 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Weyerhaeuser during the 1st quarter worth $40,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research reports. Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Tuesday. Finally, DA Davidson cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.78.

Weyerhaeuser Stock Performance

WY stock opened at $22.27 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock’s fifty day moving average is $23.44 and its two-hundred day moving average is $25.07. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 244.04 and a beta of 1.04. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

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.