Sei Investments Co. Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

Sei Investments Co. grew its holdings in Weyerhaeuser (NYSE:WY) by 30.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,150,216 shares of the real estate investment trust’s stock after purchasing an additional 736,691 shares during the quarter. Sei Investments Co.’s holdings in Weyerhaeuser were worth $88,678,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Fiduciary Trust Co grew its stake in shares of Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of 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 in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 valued at $358,000 after acquiring an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Weyerhaeuser by 9.9% in 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 buying an additional 448 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on WY. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $29.18 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm’s fifty day moving average price is $30.03 and its 200 day moving average price is $30.74.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This is a positive change 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 (DPR) 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.