Hanson & Doremus Investment Management Reduces Stock Position in Weyerhaeuser (NYSE:WY)

Hanson & Doremus Investment Management lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,502 shares of the real estate investment trust’s stock after selling 1,370 shares during the period. Hanson & Doremus Investment Management’s holdings in Weyerhaeuser were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cascade Investment Advisors Inc. grew its position in shares of Weyerhaeuser by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 47,125 shares of the real estate investment trust’s stock worth $1,327,000 after buying an additional 525 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Weyerhaeuser by 10.9% in the fourth quarter. Pacer Advisors Inc. now owns 60,643 shares of the real estate investment trust’s stock valued at $1,707,000 after acquiring an additional 5,948 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Weyerhaeuser during the 4th quarter valued at $2,828,000. Blue Trust Inc. raised its holdings in Weyerhaeuser by 11.3% in the 4th quarter. Blue Trust Inc. now owns 14,943 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 1,514 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Weyerhaeuser by 4.4% in the 4th quarter. Fifth Third Bancorp now owns 60,185 shares of the real estate investment trust’s stock worth $1,694,000 after purchasing an additional 2,545 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.7 %

NYSE:WY opened at $30.57 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm has a market cap of $22.21 billion, a P/E ratio of 41.31 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm has a 50-day simple moving average of $29.73 and a two-hundred day simple moving average of $30.90.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Weyerhaeuser’s payout ratio is currently 108.11%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WY. 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. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser 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.