Weyerhaeuser Co (WY) Stake Increased by Swiss National Bank
Swiss National Bank grew its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 0.1% in the 4th quarter, HoldingsChannel reports. The fund owned 2,775,020 shares of the real estate investment trust’s stock after acquiring an additional 3,000 shares during the period. Swiss National Bank’s holdings in Weyerhaeuser were worth $97,847,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bellwether Investment Group LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $277,000. Exane Derivatives grew its stake in shares of Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 2,845 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 1,453 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Weyerhaeuser by 324.7% during the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 3,490 shares in the last quarter. Finally, Sky Investment Group LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $207,000. Institutional investors own 74.69% of the company’s stock.
Weyerhaeuser Co (NYSE:WY) opened at $34.36 on Tuesday. The company has a market capitalization of $25,518.98, a PE ratio of 44.62, a P/E/G ratio of 5.04 and a beta of 1.42. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 2nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.73%. Weyerhaeuser’s dividend payout ratio (DPR) is 166.24%.
In related news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the transaction, the insider now directly owns 98,973 shares in the company, valued at $3,574,904.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on WY shares. Argus raised their target price on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens started coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price for the company. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Saturday, January 13th. Finally, Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.44.
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Weyerhaeuser Company Profile
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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