Weyerhaeuser (NYSE:WY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in shares of Weyerhaeuser (NYSE:WY) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,846 shares of the real estate investment trust’s stock after selling 906 shares during the period. Crossmark Global Holdings Inc.’s holdings in Weyerhaeuser were worth $1,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oak Thistle LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $1,214,000. Czech National Bank raised its stake in Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after acquiring an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. lifted its position in Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares during the period. Franklin Resources Inc. grew its stake in shares of Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Weyerhaeuser by 10.5% in the fourth quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock valued at $54,231,000 after purchasing an additional 181,973 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

WY stock opened at $30.01 on Friday. The firm has a 50 day moving average of $29.75 and a 200-day moving average of $30.81. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 40.56 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts expect that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WY. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. CIBC raised shares of 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. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Friday, January 17th. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.14.

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.