Union Bancaire Privee UBP SA Takes $2.83 Million Position in Weyerhaeuser (NYSE:WY)

Union Bancaire Privee UBP SA bought a new position in shares of Weyerhaeuser (NYSE:WY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 101,037 shares of the real estate investment trust’s stock, valued at approximately $2,828,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser during the third quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares in the last quarter. Bangor Savings Bank boosted its position in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $45,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on WY shares. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Friday, January 17th. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Raymond James upgraded 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

Weyerhaeuser Price Performance

WY opened at $30.86 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company’s 50 day simple moving average is $29.73 and its 200-day simple moving average is $30.88. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock has a market capitalization of $22.42 billion, a P/E ratio of 41.70 and a beta of 1.42.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. Weyerhaeuser’s payout ratio is currently 108.11%.

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.