Wambolt & Associates LLC Sells 6,007 Shares of Weyerhaeuser (NYSE:WY)

Wambolt & Associates LLC reduced its stake in Weyerhaeuser (NYSE:WY) by 15.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 34,067 shares of the real estate investment trust’s stock after selling 6,007 shares during the period. Wambolt & Associates LLC’s holdings in Weyerhaeuser were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in Weyerhaeuser by 39.1% in the 3rd quarter. Intech Investment Management LLC now owns 28,455 shares of the real estate investment trust’s stock worth $963,000 after purchasing an additional 7,992 shares during the period. Nwam LLC purchased a new stake in Weyerhaeuser in the 3rd quarter worth approximately $232,000. Cerity Partners LLC boosted its holdings in Weyerhaeuser by 17.5% in the 3rd quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust’s stock valued at $5,225,000 after purchasing an additional 23,023 shares during the period. Larson Financial Group LLC grew its position in shares of Weyerhaeuser by 10.3% during the 3rd quarter. Larson Financial Group LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $1,651,000 after purchasing an additional 4,567 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Weyerhaeuser by 1.9% in the third quarter. Summit Trail Advisors LLC now owns 44,082 shares of the real estate investment trust’s stock worth $1,493,000 after purchasing an additional 808 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

WY opened at $29.55 on Tuesday. The stock has a fifty day simple moving average of $30.04 and a two-hundred day simple moving average of $30.74. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) 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%. Research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

About Weyerhaeuser

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.