930,946 Shares in Weyerhaeuser (NYSE:WY) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Weyerhaeuser (NYSE:WY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 930,946 shares of the real estate investment trust’s stock, valued at approximately $26,206,000.

A number of other hedge funds have also modified their holdings of WY. Norges Bank bought a new stake in Weyerhaeuser during the 4th quarter valued at approximately $638,470,000. Daiwa Securities Group Inc. lifted its holdings in shares of Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock worth $137,417,000 after buying an additional 2,685,634 shares in the last quarter. Sei Investments Co. boosted its position in shares of Weyerhaeuser by 30.5% during the fourth quarter. Sei Investments Co. now owns 3,150,216 shares of the real estate investment trust’s stock worth $88,678,000 after acquiring an additional 736,691 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Weyerhaeuser by 29.2% during the fourth quarter. Russell Investments Group Ltd. now owns 3,000,255 shares of the real estate investment trust’s stock valued at $84,423,000 after acquiring an additional 678,539 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock valued at $566,527,000 after acquiring an additional 637,643 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WY. JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price objective for the company. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Weyerhaeuser Trading Up 0.8 %

Shares of WY opened at $25.78 on Friday. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $28.79 and its 200-day simple moving average is $30.03. The company has a market cap of $18.72 billion, a P/E ratio of 46.88, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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%. As a group, analysts expect 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. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.