Zurcher Kantonalbank Zurich Cantonalbank Boosts Position in Weyerhaeuser (NYSE:WY)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Weyerhaeuser (NYSE:WY) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 146,210 shares of the real estate investment trust’s stock after purchasing an additional 8,675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Weyerhaeuser were worth $4,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after buying an additional 4,035,048 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Weyerhaeuser by 257.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock valued at $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after acquiring an additional 2,116,520 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Weyerhaeuser during the 3rd quarter worth about $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in Weyerhaeuser in the 4th quarter valued at about $26,206,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WY. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Finally, Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $29.53 on Friday. The company has a market cap of $21.42 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The stock’s 50-day moving average is $29.83 and its 200-day moving average is $30.77.

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%. Equities analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.85%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio is 152.73%.

Weyerhaeuser Company 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.