E. Ohman J or Asset Management AB Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

E. Ohman J or Asset Management AB boosted its position in shares of Weyerhaeuser (NYSE:WY) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,900 shares of the real estate investment trust’s stock after acquiring an additional 2,500 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Weyerhaeuser were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WY. Sanctuary Advisors LLC purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $1,153,000. Cubist Systematic Strategies LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $633,000. Czech National Bank boosted its stake in shares of Weyerhaeuser by 6.7% in the 3rd quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust’s stock valued at $5,017,000 after buying an additional 9,246 shares during the period. GAMMA Investing LLC grew its position in shares of Weyerhaeuser by 6.3% during the third quarter. GAMMA Investing LLC now owns 12,267 shares of the real estate investment trust’s stock worth $415,000 after buying an additional 731 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new position in shares of Weyerhaeuser during the third quarter worth about $262,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

WY stock opened at $30.34 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The business has a 50 day moving average price of $29.66 and a 200 day moving average price of $30.92. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 55.16 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 return on equity of 3.86% and a net margin of 5.56%. Equities research analysts anticipate that Weyerhaeuser will post 0.84 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 145.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WY shares. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday. 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 report on Monday, December 23rd. 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. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, CIBC upgraded 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. Three equities research 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 stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.