Xact Kapitalforvaltning AB boosted its position in Weyerhaeuser Co (NYSE:WY) by 7.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,176 shares of the real estate investment trust’s stock after purchasing an additional 9,921 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Weyerhaeuser were worth $5,048,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exane Derivatives boosted its stake in Weyerhaeuser by 94,833.3% in the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,845 shares during the period. Barrett Asset Management LLC boosted its stake in Weyerhaeuser by 102.2% in the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,584 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Weyerhaeuser by 60.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,453 shares during the period. Cornerstone Advisors Inc. boosted its stake in Weyerhaeuser by 324.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 3,490 shares during the period. Finally, Truewealth LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at $185,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
Shares of Weyerhaeuser stock opened at $34.05 on Friday. The firm has a market capitalization of $25,745.14, a price-to-earnings ratio of 29.61, a PEG ratio of 5.04 and a beta of 1.43. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a 1 year low of $30.95 and a 1 year high of $37.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.76%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 166.24%.
In other news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.
Several analysts recently issued reports on WY shares. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research note on Saturday, January 6th. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Hold” and a consensus price target of $37.44.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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