State of Alaska Department of Revenue Reduces Holdings in Weyerhaeuser (NYSE:WY)

State of Alaska Department of Revenue reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,568 shares of the real estate investment trust’s stock after selling 27,306 shares during the quarter. State of Alaska Department of Revenue’s holdings in Weyerhaeuser were worth $12,231,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $1,153,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth about $633,000. Czech National Bank boosted its stake in shares of Weyerhaeuser by 6.7% during the 3rd quarter. Czech National Bank now owns 148,161 shares of the real estate investment trust’s stock worth $5,017,000 after purchasing an additional 9,246 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Weyerhaeuser by 6.3% during the 3rd quarter. GAMMA Investing LLC now owns 12,267 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 731 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth about $262,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on WY shares. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Trading Up 0.3 %

Shares of WY stock opened at $30.43 on Friday. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 55.33 and a beta of 1.42. 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 firm’s 50 day moving average price is $29.62 and its two-hundred day moving average price is $30.92.

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 net margin of 5.56% and a return on equity of 3.86%. On average, analysts anticipate that Weyerhaeuser will post 0.84 EPS for the current year.

Weyerhaeuser 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.