Weyerhaeuser (NYSE:WY) Shares Sold by Andra AP fonden

Andra AP fonden reduced its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,500 shares of the real estate investment trust's stock after selling 375,600 shares during the period. Andra AP fonden's holdings in Weyerhaeuser were worth $10,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WY. Harbor Capital Advisors Inc. purchased a new position in Weyerhaeuser during the third quarter worth about $148,000. Consolidated Planning Corp purchased a new position in Weyerhaeuser during the third quarter worth about $223,000. AIA Group Ltd raised its stake in shares of Weyerhaeuser by 10.4% in the 3rd quarter. AIA Group Ltd now owns 1,175,947 shares of the real estate investment trust's stock valued at $39,818,000 after acquiring an additional 110,876 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $50,000. Finally, Equitable Trust Co. purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $543,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded down $0.33 during trading hours on Wednesday, reaching $29.26. 3,960,533 shares of the stock were exchanged, compared to its average volume of 3,382,345. The stock has a market cap of $21.23 billion, a P/E ratio of 53.19, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm's 50 day moving average is $29.76 and its 200 day moving average is $30.80.

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Weyerhaeuser (NYSE:WY - Get Free Report) 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 net margin of 5.56% and a return on equity of 3.86%. Analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.87%. Weyerhaeuser's dividend payout ratio is 152.73%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research analyst reports. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Truist Financial reduced their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, BMO Capital Markets raised shares of 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. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser 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.