Weyerhaeuser (NYSE:WY) Shares Bought by AIA Group Ltd

AIA Group Ltd raised its position in Weyerhaeuser (NYSE:WY - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,242,941 shares of the real estate investment trust's stock after acquiring an additional 66,994 shares during the quarter. AIA Group Ltd owned approximately 0.17% of Weyerhaeuser worth $34,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clearbridge Investments LLC raised its stake in shares of Weyerhaeuser by 5.7% in the fourth quarter. Clearbridge Investments LLC now owns 108,819 shares of the real estate investment trust's stock valued at $3,063,000 after acquiring an additional 5,891 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Weyerhaeuser by 33.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,851,882 shares of the real estate investment trust's stock worth $52,130,000 after purchasing an additional 460,729 shares during the period. Allianz SE acquired a new stake in Weyerhaeuser in the 4th quarter valued at about $380,000. Allstate Corp purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $611,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Weyerhaeuser by 4.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,057,445 shares of the real estate investment trust's stock worth $142,367,000 after buying an additional 201,614 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded up $0.40 on Wednesday, hitting $29.54. The stock had a trading volume of 4,214,692 shares, compared to its average volume of 3,630,041. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 53.71, a P/E/G ratio of 4.74 and a beta of 1.43. 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 52-week low of $26.73 and a 52-week high of $35.50. The company's 50 day moving average price is $29.97 and its 200 day moving average price is $30.67.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 152.73%.

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. 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. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Friday, December 6th. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.