Wilmington Savings Fund Society FSB Sells 5,976 Shares of Weyerhaeuser (NYSE:WY)

Wilmington Savings Fund Society FSB lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 18.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,613 shares of the real estate investment trust’s stock after selling 5,976 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Weyerhaeuser were worth $721,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $45,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, December 6th. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Price Performance

Shares of WY opened at $30.13 on Tuesday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a 50 day moving average of $29.54 and a 200-day moving average of $30.92. The stock has a market capitalization of $21.89 billion, a P/E ratio of 54.78, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.