Oppenheimer Asset Management Inc. Trims Position in Weyerhaeuser (NYSE:WY)

Oppenheimer Asset Management Inc. decreased its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,262 shares of the real estate investment trust’s stock after selling 2,332 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Weyerhaeuser were worth $1,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock worth $74,355,000 after purchasing an additional 2,116,520 shares during the period. Point72 Asset Management L.P. acquired a new position in Weyerhaeuser in the 3rd quarter valued at $40,773,000. Finally, Van ECK Associates Corp increased its stake in Weyerhaeuser by 2,221.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock valued at $39,674,000 after buying an additional 1,191,983 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $31.44 on Tuesday. The business has a 50 day moving average price of $29.49 and a 200 day moving average price of $30.80. The company has a market capitalization of $22.81 billion, a P/E ratio of 57.16, a PEG ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results 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%. Sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

Analyst Ratings Changes

WY has been the topic of several analyst reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Citigroup reduced 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. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.