Healthcare of Ontario Pension Plan Trust Fund Boosts Position in Weyerhaeuser Company $WY

Healthcare of Ontario Pension Plan Trust Fund raised its position in Weyerhaeuser Company (NYSE:WY) by 164.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,472,474 shares of the real estate investment trust’s stock after purchasing an additional 915,477 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Weyerhaeuser were worth $35,973,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Eagle Investment Management LLC raised its stake in shares of Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after buying an additional 23,485,504 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth about $549,531,000. Manning & Napier Advisors LLC acquired a new stake in Weyerhaeuser in the 1st quarter valued at about $101,969,000. Freestone Grove Partners LP grew its stake in Weyerhaeuser by 124.5% in the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock valued at $166,030,000 after acquiring an additional 3,713,932 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Weyerhaeuser by 16.9% during the 1st quarter. Bank of New York Mellon Corp now owns 17,717,871 shares of the real estate investment trust’s stock valued at $432,848,000 after acquiring an additional 2,555,687 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a research note on Friday, July 17th. Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Trading Up 0.1%

Weyerhaeuser stock opened at $23.97 on Monday. The stock has a market cap of $17.28 billion, a PE ratio of 44.38, a P/E/G ratio of 1.35 and a beta of 0.89. The stock has a 50-day moving average price of $24.05 and a 200 day moving average price of $24.62. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. 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 announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Equities research analysts predict that Weyerhaeuser Company will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s payout ratio is currently 155.56%.

About Weyerhaeuser

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.