Swiss National Bank cut its position in shares of Weyerhaeuser Co. (NYSE:WY) by 5.1% during the third quarter, Holdings Channel reports. The fund owned 2,099,320 shares of the real estate investment trust’s stock after selling 112,400 shares during the period. Swiss National Bank’s holdings in Weyerhaeuser were worth $67,052,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Nuveen Asset Management LLC raised its position in shares of Weyerhaeuser by 3.8% in the first quarter. Nuveen Asset Management LLC now owns 51,199 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 1,865 shares in the last quarter. Euclid Advisors LLC raised its position in shares of Weyerhaeuser by 33.3% in the first quarter. Euclid Advisors LLC now owns 119,918 shares of the real estate investment trust’s stock worth $3,715,000 after buying an additional 29,959 shares in the last quarter. Iowa State Bank acquired a new position in shares of Weyerhaeuser during the second quarter worth $166,000. Marshwinds Advisory Co. raised its position in shares of Weyerhaeuser by 1.8% in the second quarter. Marshwinds Advisory Co. now owns 43,712 shares of the real estate investment trust’s stock worth $1,301,000 after buying an additional 752 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE raised its position in shares of Weyerhaeuser by 11.4% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 283,238 shares of the real estate investment trust’s stock worth $8,432,000 after buying an additional 29,053 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Shares of Weyerhaeuser Co. (NYSE:WY) opened at 30.83 on Thursday. The stock has a market capitalization of $23.06 billion, a P/E ratio of 40.04 and a beta of 1.39. The stock has a 50 day moving average price of $30.53 and a 200 day moving average price of $30.93. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, October 28th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Wednesday, October 26th. Weyerhaeuser’s dividend payout ratio is currently 169.86%.

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A number of research analysts recently weighed in on WY shares. BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Thursday, November 10th. Citigroup Inc. upped their price objective on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Argus reiterated a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a research report on Tuesday, September 20th. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research report on Monday, August 8th. Finally, Goldman Sachs Group Inc. started coverage on Weyerhaeuser in a research report on Thursday, September 22nd. They set a “buy” rating and a $37.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $35.50.

In related news, SVP Denise M. Merle sold 15,049 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Weyerhaeuser Company Profile

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.

5 Day Chart for NYSE:WY

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