Amundi Has $80.34 Million Stock Position in Weyerhaeuser (NYSE:WY)

Amundi reduced its position in Weyerhaeuser (NYSE:WY) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,902,355 shares of the real estate investment trust’s stock after selling 197,390 shares during the period. Amundi owned 0.40% of Weyerhaeuser worth $80,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in WY. Fiduciary Trust Co increased its position in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after acquiring an additional 331 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC increased its position in Weyerhaeuser by 3.7% during the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 448 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Weyerhaeuser by 9.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 448 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.5 %

Shares of NYSE:WY opened at $29.61 on Wednesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market cap of $21.48 billion, a PE ratio of 53.83, a P/E/G ratio of 4.74 and a beta of 1.43. The business has a 50 day moving average of $29.76 and a 200-day moving average of $30.80. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s payout ratio is 152.73%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WY. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Finally, Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.