Kohmann Bosshard Financial Services LLC acquired a new position in Weyerhaeuser (NYSE:WY – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,145 shares of the real estate investment trust’s stock, valued at approximately $60,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Metis Global Partners LLC increased its stake in Weyerhaeuser by 4.0% in the fourth quarter. Metis Global Partners LLC now owns 80,663 shares of the real estate investment trust’s stock valued at $2,271,000 after acquiring an additional 3,090 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Weyerhaeuser by 2.1% in the fourth quarter. Mutual of America Capital Management LLC now owns 193,813 shares of the real estate investment trust’s stock valued at $5,456,000 after acquiring an additional 4,055 shares during the last quarter. Hosking Partners LLP increased its stake in Weyerhaeuser by 28.3% in the fourth quarter. Hosking Partners LLP now owns 48,958 shares of the real estate investment trust’s stock valued at $1,378,000 after acquiring an additional 10,804 shares during the last quarter. Argyle Capital Management LLC increased its stake in Weyerhaeuser by 9.9% in the fourth quarter. Argyle Capital Management LLC now owns 71,567 shares of the real estate investment trust’s stock valued at $2,015,000 after acquiring an additional 6,446 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Weyerhaeuser in the fourth quarter valued at $1,693,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Weyerhaeuser Stock Performance
Weyerhaeuser stock opened at $31.44 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $29.49 and a 200-day moving average of $30.80. The firm has a market cap of $22.81 billion, a P/E ratio of 57.16, a P/E/G ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.
Weyerhaeuser Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. 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 2.67%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on WY. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Read Our Latest Stock Report on WY
Weyerhaeuser 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.
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