Wambolt & Associates LLC Has $959,000 Position in Weyerhaeuser (NYSE:WY)

Wambolt & Associates LLC decreased its stake in shares of Weyerhaeuser (NYSE:WY) by 15.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,067 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. Wambolt & Associates LLC’s holdings in Weyerhaeuser were worth $959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC increased its position in Weyerhaeuser by 4.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock worth $307,000 after buying an additional 431 shares during the period. CoreFirst Bank & Trust bought a new position in Weyerhaeuser in the fourth quarter valued at approximately $204,000. United Services Automobile Association raised its holdings in shares of Weyerhaeuser by 11.6% during the 4th quarter. United Services Automobile Association now owns 16,453 shares of the real estate investment trust’s stock worth $463,000 after buying an additional 1,704 shares in the last quarter. Congress Wealth Management LLC DE raised its stake in Weyerhaeuser by 2.3% during the fourth quarter. Congress Wealth Management LLC DE now owns 55,426 shares of the real estate investment trust’s stock worth $1,560,000 after acquiring an additional 1,253 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Weyerhaeuser during the fourth quarter worth $11,150,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 1.3 %

NYSE WY opened at $29.55 on Tuesday. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 4.74 and a beta of 1.43. The business’s fifty day moving average is $30.04 and its 200-day moving average is $30.74. 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 has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. Equities research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analysts Set New Price Targets

Several research firms have recently issued reports on WY. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

About Weyerhaeuser

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.