IFM Investors Pty Ltd Grows Holdings in Weyerhaeuser Co (WY)

IFM Investors Pty Ltd grew its stake in Weyerhaeuser Co (NYSE:WY) by 13.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,580 shares of the real estate investment trust’s stock after buying an additional 5,736 shares during the period. IFM Investors Pty Ltd’s holdings in Weyerhaeuser were worth $1,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WY. Norges Bank purchased a new position in Weyerhaeuser in the 4th quarter worth approximately $173,259,000. Vanguard Group Inc. grew its stake in Weyerhaeuser by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after buying an additional 5,195,461 shares in the last quarter. Vanguard Group Inc grew its stake in Weyerhaeuser by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after buying an additional 5,195,461 shares in the last quarter. American Century Companies Inc. grew its stake in Weyerhaeuser by 32.2% in the 4th quarter. American Century Companies Inc. now owns 16,904,397 shares of the real estate investment trust’s stock worth $369,530,000 after buying an additional 4,119,961 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in Weyerhaeuser by 347.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,849,069 shares of the real estate investment trust’s stock worth $84,140,000 after buying an additional 2,988,719 shares in the last quarter. 77.84% of the stock is owned by institutional investors and hedge funds.

Shares of WY opened at $26.36 on Friday. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 6.57 and a beta of 1.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.63. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $38.39.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 10.01% and a return on equity of 9.80%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. As a group, equities research analysts forecast that Weyerhaeuser Co will post 0.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 annualized dividend and a yield of 5.16%. Weyerhaeuser’s payout ratio is currently 115.25%.

In other Weyerhaeuser news, insider Russell S. Hagen sold 8,000 shares of the stock in a transaction on 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 at this hyperlink. Corporate insiders own 0.35% of the company’s stock.

A number of brokerages have recently issued reports on WY. ValuEngine cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, December 26th. Seaport Global Securities began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 2nd. They issued a “buy” rating for the company. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, March 11th. Bank of America cut shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 2nd. Finally, Stephens raised shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Weyerhaeuser presently has a consensus rating of “Buy” and a consensus target price of $33.10.

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About Weyerhaeuser

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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