Weyerhaeuser (NYSE:WY) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 31.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,740 shares of the real estate investment trust's stock after buying an additional 81,484 shares during the period. American Century Companies Inc.'s holdings in Weyerhaeuser were worth $9,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Townsquare Capital LLC purchased a new position in shares of Weyerhaeuser in the 3rd quarter worth approximately $297,000. Rockefeller Capital Management L.P. boosted its stake in Weyerhaeuser by 13.6% in the third quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust's stock valued at $2,853,000 after acquiring an additional 10,095 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Weyerhaeuser in the third quarter worth $1,282,000. Integrated Wealth Concepts LLC increased its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in shares of Weyerhaeuser during the 3rd quarter valued at $407,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Finally, Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

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Weyerhaeuser Trading Down 4.4 %

Shares of NYSE:WY traded down $1.21 during midday trading on Friday, reaching $26.22. 6,633,633 shares of the company's stock were exchanged, compared to its average volume of 3,653,548. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a fifty-two week low of $26.07 and a fifty-two week high of $35.08. The firm's 50 day simple moving average is $29.92 and its two-hundred day simple moving average is $30.64. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.20%. Weyerhaeuser's payout ratio is currently 152.73%.

About Weyerhaeuser

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.