Associated Banc Corp Has $2.02 Million Position in Weyerhaeuser (NYSE:WY)

Associated Banc Corp cut its position in Weyerhaeuser (NYSE:WY) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,647 shares of the real estate investment trust’s stock after selling 2,802 shares during the quarter. Associated Banc Corp’s holdings in Weyerhaeuser were worth $2,017,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC increased its position in Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after purchasing an additional 158,800 shares in the last quarter. Blume Capital Management Inc. increased its position in Weyerhaeuser by 0.7% during the 4th quarter. Blume Capital Management Inc. now owns 126,427 shares of the real estate investment trust’s stock worth $3,559,000 after purchasing an additional 849 shares in the last quarter. Bowen Hanes & Co. Inc. increased its position in Weyerhaeuser by 19.6% during the 4th quarter. Bowen Hanes & Co. Inc. now owns 975,758 shares of the real estate investment trust’s stock worth $27,468,000 after purchasing an additional 160,000 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Weyerhaeuser by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 35,539 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 1,577 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Weyerhaeuser by 5.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,624 shares of the real estate investment trust’s stock worth $1,172,000 after purchasing an additional 2,062 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WY shares. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James 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, December 23rd. Finally, Citigroup decreased their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Up 2.0 %

NYSE:WY opened at $29.53 on Friday. The firm’s fifty day moving average is $29.83 and its 200-day moving average is $30.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a market cap of $21.42 billion, a P/E ratio of 53.68, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.85%. Weyerhaeuser’s dividend payout ratio is currently 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.