Weyerhaeuser (NYSE:WY) Stock Position Lessened by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 61,454 shares of the real estate investment trust’s stock after selling 12,751 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Weyerhaeuser were worth $1,730,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in shares of Weyerhaeuser in the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new position in shares of Weyerhaeuser in the fourth quarter worth $44,000. AdvisorNet Financial Inc grew its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 486 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth $52,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WY shares. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Finally, Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. 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. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Down 3.1 %

Shares of NYSE WY opened at $29.18 on Monday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market cap of $21.17 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $30.03 and a 200-day simple moving average of $30.75.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

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.