Weyerhaeuser (NYSE:WY) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp increased its position in Weyerhaeuser (NYSE:WY) by 12.0% in the fourth quarter, Holdings Channel reports. The firm owned 326,048 shares of the real estate investment trust’s stock after purchasing an additional 34,987 shares during the quarter. Cibc World Markets Corp’s holdings in Weyerhaeuser were worth $9,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Fiduciary Trust Co lifted its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after buying an additional 331 shares during the last quarter. HB Wealth Management LLC lifted its stake in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 367 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Weyerhaeuser by 9.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 448 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three 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 stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Down 0.4 %

WY opened at $29.85 on Wednesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market cap of $21.66 billion, a P/E ratio of 54.27, a P/E/G ratio of 4.74 and a beta of 1.43. The stock’s 50 day moving average price is $29.89 and its 200 day moving average price is $30.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts predict 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 will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s 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.