Natixis Has $7.27 Million Stake in Weyerhaeuser (NYSE:WY)

Natixis lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 33.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,369 shares of the real estate investment trust’s stock after selling 130,352 shares during the period. Natixis’ holdings in Weyerhaeuser were worth $7,273,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cohen & Steers Inc. grew its stake in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock worth $1,095,726,000 after buying an additional 14,213,243 shares in the last quarter. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $638,470,000. Geode Capital Management LLC lifted its stake in Weyerhaeuser by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock worth $566,527,000 after purchasing an additional 637,643 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock valued at $404,299,000 after purchasing an additional 158,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Weyerhaeuser by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock valued at $252,958,000 after purchasing an additional 245,962 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on WY. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. 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 report on Monday, December 23rd. Finally, Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Weyerhaeuser Stock Performance

NYSE:WY opened at $25.78 on Monday. The company has a market capitalization of $18.72 billion, a PE ratio of 46.88, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a 50 day simple moving average of $28.70 and a two-hundred day simple moving average of $29.93.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was 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 3.26%. Weyerhaeuser’s payout ratio is 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.