Russell Investments Group Ltd. reduced its stake in Weyerhaeuser Co (NYSE:WY) by 77.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 124,086 shares of the real estate investment trust’s stock after selling 420,676 shares during the quarter. Russell Investments Group Ltd.’s holdings in Weyerhaeuser were worth $4,501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Boston Common Asset Management LLC increased its position in shares of Weyerhaeuser by 4.0% during the 2nd quarter. Boston Common Asset Management LLC now owns 228,711 shares of the real estate investment trust’s stock valued at $8,339,000 after purchasing an additional 8,850 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Weyerhaeuser by 3.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 192,012 shares of the real estate investment trust’s stock valued at $6,721,000 after purchasing an additional 7,080 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Weyerhaeuser by 8.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,661,514 shares of the real estate investment trust’s stock valued at $58,153,000 after purchasing an additional 124,411 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $1,061,000. Finally, Boston Advisors LLC increased its position in shares of Weyerhaeuser by 9.2% during the 2nd quarter. Boston Advisors LLC now owns 35,530 shares of the real estate investment trust’s stock valued at $1,295,000 after purchasing an additional 2,980 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

WY has been the subject of several research analyst reports. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Friday, August 3rd. DA Davidson reaffirmed a “neutral” rating on shares of Weyerhaeuser in a research report on Friday, July 27th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $38.50.

Shares of Weyerhaeuser stock opened at $34.06 on Friday. Weyerhaeuser Co has a 1 year low of $32.85 and a 1 year high of $38.39. The firm has a market cap of $26.13 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 4.39 and a beta of 1.38. The company has a quick ratio of 1.77, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, July 27th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. equities analysts expect that Weyerhaeuser Co will post 1.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.36 annualized dividend and a yield of 3.99%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.32. Weyerhaeuser’s dividend payout ratio (DPR) is 111.30%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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