Commonwealth Bank of Australia raised its holdings in shares of Weyerhaeuser Co (NYSE:WY) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,981 shares of the real estate investment trust’s stock after purchasing an additional 8,849 shares during the period. Commonwealth Bank of Australia’s holdings in Weyerhaeuser were worth $1,218,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Weyerhaeuser by 5.7% during the third quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. Vanguard Group Inc grew its position in shares of Weyerhaeuser by 5.7% during the third quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. BlackRock Inc. grew its position in shares of Weyerhaeuser by 1.4% during the third quarter. BlackRock Inc. now owns 52,453,697 shares of the real estate investment trust’s stock worth $1,692,681,000 after acquiring an additional 700,694 shares during the last quarter. Capital World Investors grew its position in shares of Weyerhaeuser by 15.1% during the third quarter. Capital World Investors now owns 14,258,395 shares of the real estate investment trust’s stock worth $460,118,000 after acquiring an additional 1,872,823 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Weyerhaeuser by 4.2% during the third quarter. Morgan Stanley now owns 7,870,171 shares of the real estate investment trust’s stock worth $253,969,000 after acquiring an additional 314,752 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

In other Weyerhaeuser news, insider Russell S. Hagen sold 8,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.32, for a total value of $210,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

WY stock opened at $25.53 on Friday. The stock has a market capitalization of $19.07 billion, a P/E ratio of 21.64, a P/E/G ratio of 5.77 and a beta of 1.65. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $38.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.63.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. On average, analysts anticipate that Weyerhaeuser Co will post 0.89 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 1st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, February 28th. Weyerhaeuser’s payout ratio is currently 115.25%.

Several research firms have recently commented on WY. ValuEngine lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, December 26th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, March 11th. Bank of America lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 2nd. Zacks Investment Research reaffirmed a “strong sell” rating on shares of Weyerhaeuser in a report on Saturday, November 17th. Finally, Argus reduced their price objective on shares of Weyerhaeuser from $40.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $33.22.

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About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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