Allianz SE Invests $380,000 in Weyerhaeuser (NYSE:WY)

Allianz SE bought a new position in shares of Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,628 shares of the real estate investment trust’s stock, valued at approximately $380,000.

Several other large investors also recently modified their holdings of WY. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 12.7% in 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 in the last quarter. State Street Corp increased its holdings in Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after acquiring an additional 761,757 shares during the last quarter. Norges Bank bought a new stake in Weyerhaeuser in the 4th quarter valued at about $638,470,000. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 1.1% during the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after purchasing an additional 217,510 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Weyerhaeuser by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after purchasing an additional 158,800 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WY. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. CIBC raised 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 restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Raymond James upgraded 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Down 0.7 %

Shares of Weyerhaeuser stock opened at $29.38 on Monday. The company has a 50-day simple moving average of $30.02 and a two-hundred day simple moving average of $30.71. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a market capitalization of $21.32 billion, a PE ratio of 53.41, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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, 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, analysts anticipate 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 represents a $0.84 annualized dividend and a dividend yield of 2.86%. The ex-dividend date 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%.

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.