Chevy Chase Trust Holdings LLC Has $10.79 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Chevy Chase Trust Holdings LLC decreased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 383,439 shares of the real estate investment trust's stock after selling 8,706 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Weyerhaeuser worth $10,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the last quarter. State Street Corp increased its stake in shares of Weyerhaeuser by 2.5% in 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 purchasing an additional 761,757 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Weyerhaeuser by 1.1% in the 3rd 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. Allspring Global Investments Holdings LLC increased its stake in shares of Weyerhaeuser by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust's stock valued at $247,793,000 after purchasing an additional 249,257 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock valued at $295,940,000 after acquiring an additional 454,095 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WY. CIBC raised 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. Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Trading Up 2.5 %

WY traded up $0.74 during midday trading on Thursday, hitting $29.94. 5,923,716 shares of the company were exchanged, compared to its average volume of 3,518,315. The firm has a market capitalization of $21.72 billion, a P/E ratio of 54.43, a P/E/G ratio of 4.70 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm's 50 day moving average price is $29.27 and its 200-day moving average price is $30.83. 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 (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities 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 will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. Weyerhaeuser's dividend payout ratio (DPR) is 145.46%.

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.