Moody National Bank Trust Division Purchases 1,342 Shares of Weyerhaeuser (NYSE:WY)

Moody National Bank Trust Division boosted its position in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,627 shares of the real estate investment trust’s stock after purchasing an additional 1,342 shares during the period. Moody National Bank Trust Division’s holdings in Weyerhaeuser were worth $1,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. increased its position in Weyerhaeuser by 304.1% in the 3rd quarter. Center for Financial Planning Inc. now owns 893 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 672 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at about $26,000. New Millennium Group LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at about $27,000. CI Investments Inc. increased its position in Weyerhaeuser by 990.1% in the 3rd quarter. CI Investments Inc. now owns 992 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 901 shares in the last quarter. Finally, CNB Bank increased its position in Weyerhaeuser by 7,335.7% in the 3rd quarter. CNB Bank now owns 1,041 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,027 shares in the last quarter. 80.86% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 1.8 %

Weyerhaeuser stock opened at $29.21 on Friday. The company’s 50 day simple moving average is $32.07 and its 200 day simple moving average is $31.45. Weyerhaeuser has a fifty-two week low of $27.36 and a fifty-two week high of $42.86. The firm has a market capitalization of $21.39 billion, a price-to-earnings ratio of 11.55 and a beta of 1.47. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.26.

Weyerhaeuser (NYSE:WY – Get Rating) last released its quarterly earnings data on Friday, January 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Weyerhaeuser had a net margin of 18.46% and a return on equity of 21.08%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.49 EPS. Weyerhaeuser’s quarterly revenue was down 17.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser will post 1.05 EPS for the current year.

Weyerhaeuser Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Thursday, March 2nd. Weyerhaeuser’s payout ratio is 30.04%.

Insider Buying and Selling

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 1,800 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $36.00, for a total value of $64,800.00. Following the transaction, the chief executive officer now owns 567,381 shares of the company’s stock, valued at $20,425,716. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WY shares. BMO Capital Markets lowered their price objective on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating for the company in a research report on Monday, February 6th. Citigroup lifted their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. StockNews.com began coverage on shares of Weyerhaeuser in a research report on Thursday. They set a “hold” rating for the company. Finally, Raymond James lifted their price target on shares of Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a research report on Monday, February 13th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.43.

About Weyerhaeuser

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Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.