Weyerhaeuser Company $WY Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 5.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,324,695 shares of the real estate investment trust’s stock after buying an additional 69,391 shares during the period. California Public Employees Retirement System’s holdings in Weyerhaeuser were worth $34,031,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Weyerhaeuser by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock worth $341,833,000 after purchasing an additional 1,374,109 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $1,370,000. Prudential Financial Inc. increased its holdings in shares of Weyerhaeuser by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock worth $10,890,000 after buying an additional 29,098 shares during the last quarter. Norges Bank purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth $600,502,000. Finally, Vanguard Group Inc. boosted its holdings in Weyerhaeuser by 0.5% in the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock valued at $2,936,848,000 after acquiring an additional 542,912 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $23.03 on Thursday. The stock’s 50 day moving average price is $22.95 and its 200 day moving average price is $24.79. The firm has a market capitalization of $16.60 billion, a PE ratio of 51.17, a price-to-earnings-growth ratio of 129.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the company earned $0.05 earnings per share. Weyerhaeuser’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $0.21 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s payout ratio is currently 186.67%.

Analysts Set New Price Targets

Several brokerages have commented on WY. Citigroup dropped their price target on Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Royal Bank Of Canada cut their price target on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. CIBC decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Finally, Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $28.75.

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.