Aviva PLC Has $28.35 Million Stake in Weyerhaeuser (NYSE:WY)

Aviva PLC cut its stake in shares of Weyerhaeuser (NYSE:WY) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,007,234 shares of the real estate investment trust’s stock after selling 19,562 shares during the quarter. Aviva PLC owned approximately 0.14% of Weyerhaeuser worth $28,354,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its holdings in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at $36,000. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $44,000. Graney & King LLC bought a new position in Weyerhaeuser during the fourth quarter worth $44,000. Finally, AdvisorNet Financial Inc lifted its holdings in Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 4.4 %

Shares of NYSE WY opened at $26.22 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a 50-day moving average price of $29.84 and a 200-day moving average price of $30.56. The stock has a market capitalization of $19.03 billion, a P/E ratio of 47.67, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 1 year low of $26.07 and a 1 year high of $35.08.

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

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.20%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Three equities research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.