IBM Retirement Fund Sells 525 Shares of Weyerhaeuser (NYSE:WY)

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IBM Retirement Fund reduced its position in Weyerhaeuser (NYSE:WYGet Rating) by 4.2% in the first quarter, HoldingsChannel.com reports. The firm owned 11,969 shares of the real estate investment trust’s stock after selling 525 shares during the period. IBM Retirement Fund’s holdings in Weyerhaeuser were worth $454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Weyerhaeuser in the fourth quarter worth $580,040,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Weyerhaeuser by 335.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,163,917 shares of the real estate investment trust’s stock worth $171,469,000 after buying an additional 3,207,671 shares in the last quarter. Marathon Asset Mgmt Ltd purchased a new position in shares of Weyerhaeuser in the fourth quarter worth $65,015,000. State Street Corp lifted its holdings in shares of Weyerhaeuser by 5.2% in the fourth quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock worth $1,295,777,000 after buying an additional 1,546,975 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Weyerhaeuser by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 19,489,403 shares of the real estate investment trust’s stock worth $802,574,000 after buying an additional 1,393,739 shares in the last quarter. Institutional investors and hedge funds own 82.38% of the company’s stock.

In other news, Director Albert Monaco bought 3,000 shares of Weyerhaeuser stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average price of $38.43 per share, with a total value of $115,290.00. Following the completion of the purchase, the director now owns 27,246 shares in the company, valued at approximately $1,047,063.78. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

WY has been the topic of several research analyst reports. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. The Goldman Sachs Group decreased their price target on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a research note on Monday, May 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $43.50.

Weyerhaeuser stock opened at $34.33 on Monday. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 9.56 and a beta of 1.48. The firm’s fifty day moving average is $38.33 and its 200 day moving average is $39.12. The company has a quick ratio of 2.20, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 52-week low of $32.58 and a 52-week high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.24. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.99 billion. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. Weyerhaeuser’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser will post 3.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday, June 2nd. Weyerhaeuser’s dividend payout ratio is currently 20.06%.

Weyerhaeuser Company Profile (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WYGet Rating).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)



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