Cigna Investments Inc. New Sells 368 Shares of Weyerhaeuser (NYSE:WY)

Cigna Investments Inc. New reduced its position in Weyerhaeuser (NYSE:WY) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,234 shares of the real estate investment trust’s stock after selling 368 shares during the period. Cigna Investments Inc. New’s holdings in Weyerhaeuser were worth $203,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Trust Co boosted its stake in Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares during the period. HB Wealth Management LLC boosted its position in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares in the last quarter. CWM LLC increased its holdings in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 368 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in Weyerhaeuser by 5.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 414 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Weyerhaeuser Stock Performance

NYSE WY opened at $30.00 on Wednesday. The business’s 50 day moving average price is $29.50 and its 200-day moving average price is $30.92. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a market cap of $21.79 billion, a P/E ratio of 54.54, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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%. Sell-side analysts predict that Weyerhaeuser will post 0.8 earnings per share 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.