Millstone Evans Group LLC Purchases Shares of 1,842 Weyerhaeuser (NYSE:WY)

Millstone Evans Group LLC purchased a new stake in shares of Weyerhaeuser (NYSE:WY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,842 shares of the real estate investment trust’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. State Street Corp increased its holdings in shares of Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after purchasing an additional 217,510 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock worth $404,299,000 after purchasing an additional 158,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust’s stock worth $252,958,000 after purchasing an additional 245,962 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of several research reports. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Trading Down 3.1 %

Shares of NYSE WY opened at $29.18 on Monday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The business’s 50 day moving average is $30.03 and its two-hundred day moving average is $30.75. The stock has a market capitalization of $21.17 billion, a P/E ratio of 53.05, a PEG ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced 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 return on equity of 3.86% and a net margin of 5.56%. As a group, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

About Weyerhaeuser

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.