Commonwealth Equity Services LLC Sells 9,429 Shares of Weyerhaeuser (NYSE:WY)

Commonwealth Equity Services LLC lessened its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,664 shares of the real estate investment trust's stock after selling 9,429 shares during the period. Commonwealth Equity Services LLC's holdings in Weyerhaeuser were worth $4,832,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings 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 acquiring an additional 4,035,048 shares in the last quarter. State Street Corp lifted its position in Weyerhaeuser by 2.5% during the third 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 grew its stake in 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 worth $659,422,000 after buying an additional 217,510 shares in the last quarter. 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. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Weyerhaeuser by 2.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust's stock worth $247,793,000 after acquiring an additional 249,257 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

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Wall Street Analysts Forecast Growth

WY has been the topic of several recent research reports. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Truist Financial reduced their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Three equities research 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 company. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Stock Up 0.7 %

Shares of NYSE WY traded up $0.21 during midday trading on Wednesday, hitting $29.41. The stock had a trading volume of 1,635,960 shares, compared to its average volume of 3,657,892. The business's 50 day moving average is $30.05 and its 200-day moving average is $30.73. 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 52 week low of $26.73 and a 52 week high of $36.27. The company has a market cap of $21.34 billion, a P/E ratio of 53.46, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results 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, analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date of this dividend was 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 2.86%. Weyerhaeuser's dividend payout ratio is 152.73%.

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.