Alliancebernstein L.P. Reduces Holdings in Weyerhaeuser (NYSE:WY)

Alliancebernstein L.P. lessened its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 980,837 shares of the real estate investment trust's stock after selling 50,768 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Weyerhaeuser worth $27,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WY. State Street Corp boosted its position in shares of Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock valued at $1,063,463,000 after acquiring an additional 761,757 shares during the last quarter. Norges Bank bought a new stake in Weyerhaeuser during the fourth quarter valued at approximately $638,470,000. Geode Capital Management LLC lifted its position in Weyerhaeuser by 1.1% during the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after purchasing an additional 217,510 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after buying an additional 158,800 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock worth $252,958,000 after buying an additional 245,962 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WY shares. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research report on Tuesday. They issued an "overweight" rating and a $31.00 target price for the company. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.50.

Weyerhaeuser Trading Down 0.2 %

Shares of Weyerhaeuser stock traded down $0.06 on Friday, hitting $25.76. The stock had a trading volume of 3,635,721 shares, compared to its average volume of 3,698,770. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The stock's 50-day simple moving average is $29.14 and its two-hundred day simple moving average is $30.22. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, sell-side analysts predict 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. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. 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 3.26%. Weyerhaeuser's dividend payout ratio is presently 152.73%.

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.