MML Investors Services LLC decreased its holdings in Weyerhaeuser Co (NYSE:WY) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,620 shares of the real estate investment trust’s stock after selling 2,740 shares during the quarter. MML Investors Services LLC’s holdings in Weyerhaeuser were worth $538,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of WY. HC Financial Advisors Inc. increased its holdings in Weyerhaeuser by 32.1% during the 3rd quarter. HC Financial Advisors Inc. now owns 11,222 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 2,725 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Weyerhaeuser by 13.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 73,799 shares of the real estate investment trust’s stock worth $2,668,000 after purchasing an additional 8,816 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Weyerhaeuser by 3.5% in the 3rd quarter. Schroder Investment Management Group now owns 219,947 shares of the real estate investment trust’s stock worth $7,098,000 after purchasing an additional 7,460 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Weyerhaeuser by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 371,906 shares of the real estate investment trust’s stock worth $12,004,000 after purchasing an additional 13,485 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of Weyerhaeuser by 14.6% in the 3rd quarter. AMP Capital Investors Ltd now owns 320,874 shares of the real estate investment trust’s stock worth $10,533,000 after purchasing an additional 40,865 shares in the last quarter. 77.76% of the stock is owned by hedge funds and other institutional investors.
Shares of WY stock opened at $26.52 on Tuesday. The stock has a market capitalization of $19.66 billion, a PE ratio of 22.47, a P/E/G ratio of 5.96 and a beta of 1.66. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $38.39.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 5.13%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.
In related news, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company’s stock.
A number of analysts have recently weighed in on WY shares. Bank of America cut Weyerhaeuser to a “hold” rating and set a $35.00 price objective for the company. in a research report on Thursday, December 20th. Raymond James set a $29.00 price target on Weyerhaeuser and gave the stock a “buy” rating in a research report on Tuesday, January 8th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. Seaport Global Securities started coverage on Weyerhaeuser in a research report on Wednesday, January 23rd. They set a “buy” rating and a $30.00 price target for the company. Finally, BMO Capital Markets raised 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, March 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.22.
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Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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