Cibc World Market Inc. Has $11.42 Million Stock Holdings in Weyerhaeuser Company $WY

Cibc World Market Inc. grew its holdings in Weyerhaeuser Company (NYSE:WY) by 80.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 482,236 shares of the real estate investment trust’s stock after buying an additional 215,444 shares during the quarter. Cibc World Market Inc. owned approximately 0.07% of Weyerhaeuser worth $11,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $39,000. Addison Advisors LLC increased its stake in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at $42,000. Costello Asset Management INC increased its stake in shares of Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $43,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Citigroup lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $24.51 on Friday. The firm has a market capitalization of $17.67 billion, a P/E ratio of 45.39, a PEG ratio of 1.39 and a beta of 0.89. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86. The business has a 50-day moving average of $24.18 and a 200-day moving average of $24.29. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.