Weyerhaeuser (NYSE:WY) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its stake in Weyerhaeuser (NYSE:WY) by 6.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,900,633 shares of the real estate investment trust’s stock after selling 123,703 shares during the period. Schroder Investment Management Group’s holdings in Weyerhaeuser were worth $53,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WY. HB Wealth Management LLC raised its stake in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 357 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the period. Prestige Wealth Management Group LLC grew its position in Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 431 shares during the period. GAMMA Investing LLC increased its stake in Weyerhaeuser by 3.7% during the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 448 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.3 %

NYSE:WY opened at $29.27 on Tuesday. The stock has a fifty day moving average price of $30.00 and a 200 day moving average price of $30.69. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.10. The firm has a market cap of $21.25 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.87%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup reduced their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Company 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.