American Century Companies Inc. increased its holdings in Weyerhaeuser Co (NYSE:WY) by 32.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,904,397 shares of the real estate investment trust’s stock after buying an additional 4,119,961 shares during the period. American Century Companies Inc. owned 2.26% of Weyerhaeuser worth $369,530,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mutual of Omaha Bank Wealth Management grew its stake in shares of Weyerhaeuser by 1.2% in the fourth quarter. Mutual of Omaha Bank Wealth Management now owns 32,487 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 385 shares during the last quarter. Argyle Capital Management Inc. boosted its position in Weyerhaeuser by 0.3% during the fourth quarter. Argyle Capital Management Inc. now owns 118,208 shares of the real estate investment trust’s stock valued at $2,584,000 after acquiring an additional 400 shares during the last quarter. Mairs & Power INC raised its holdings in shares of Weyerhaeuser by 2.2% during the fourth quarter. Mairs & Power INC now owns 18,975 shares of the real estate investment trust’s stock valued at $415,000 after purchasing an additional 405 shares during the period. Rehmann Capital Advisory Group raised its holdings in shares of Weyerhaeuser by 37.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 442 shares during the period. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Weyerhaeuser by 2.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 20,520 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 586 shares during the period. Institutional investors own 77.84% of the company’s stock.
Weyerhaeuser stock traded down $0.02 during trading hours on Friday, reaching $26.36. The stock had a trading volume of 3,505,488 shares, compared to its average volume of 3,988,984. The firm has a market cap of $19.66 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 6.40 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.34 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.36 dividend on an annualized basis and a yield of 5.16%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 115.25%.
In related news, insider Russell S. Hagen sold 8,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.32, for a total transaction of $210,560.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.35% of the company’s stock.
WY has been the topic of several recent analyst reports. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Bank of America cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 2nd. Raymond James set a $29.00 price objective on shares of Weyerhaeuser and gave the company a “buy” rating in a research report on Tuesday, January 8th. Seaport Global Securities began coverage on shares of Weyerhaeuser in a research report on Wednesday, January 23rd. They set a “buy” rating and a $30.00 price objective on the stock. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $33.10.
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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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