Wedmont Private Capital Invests $302,000 in Weyerhaeuser (NYSE:WY)

Wedmont Private Capital acquired a new position in shares of Weyerhaeuser (NYSE:WY – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,568 shares of the real estate investment trust’s stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Center for Financial Planning Inc. boosted its stake in shares of Weyerhaeuser by 304.1% in the third quarter. Center for Financial Planning Inc. now owns 893 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 672 shares during the period. Eagle Bay Advisors LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at $26,000. New Millennium Group LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at $27,000. CI Investments Inc. increased its stake in Weyerhaeuser by 990.1% in the 3rd quarter. CI Investments Inc. now owns 992 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 901 shares during the period. Finally, CNB Bank increased its stake in Weyerhaeuser by 7,335.7% in the 3rd quarter. CNB Bank now owns 1,041 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,027 shares during the period. 80.86% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.8 %

NYSE WY opened at $29.21 on Friday. The company has a 50-day moving average of $32.07 and a 200-day moving average of $31.45. The company has a market cap of $21.39 billion, a P/E ratio of 11.55 and a beta of 1.47. Weyerhaeuser has a 12 month low of $27.36 and a 12 month high of $42.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.26.

Weyerhaeuser (NYSE:WY – Get Rating) last posted its earnings results on Friday, January 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.92 billion. Weyerhaeuser had a net margin of 18.46% and a return on equity of 21.08%. The company’s revenue was down 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. As a group, equities analysts predict that Weyerhaeuser will post 1.05 earnings per share for the current year.

Weyerhaeuser Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Thursday, March 2nd. Weyerhaeuser’s dividend payout ratio (DPR) is presently 30.04%.

Insider Buying and Selling

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 1,800 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $36.00, for a total value of $64,800.00. Following the completion of the sale, the chief executive officer now owns 567,381 shares of the company’s stock, valued at $20,425,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WY. Raymond James upped their price target on shares of Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 13th. BMO Capital Markets decreased their price objective on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday, February 6th. Citigroup boosted their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Finally, StockNews.com started coverage on shares of Weyerhaeuser in a report on Thursday. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.43.

Weyerhaeuser Profile

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Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.