FIL Ltd Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

FIL Ltd lowered its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,064,288 shares of the real estate investment trust's stock after selling 37,744 shares during the period. FIL Ltd owned approximately 0.28% of Weyerhaeuser worth $58,110,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Assetmark Inc. grew its position in Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser in the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new position in shares of Weyerhaeuser during the fourth quarter valued at about $44,000. Graney & King LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $44,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

WY has been the topic of a number of analyst reports. 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. Truist Financial lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Finally, Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average price target of $34.50.

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Weyerhaeuser Stock Down 0.3 %

Shares of Weyerhaeuser stock traded down $0.08 during midday trading on Tuesday, hitting $26.04. The company had a trading volume of 775,699 shares, compared to its average volume of 3,769,664. The company has a 50 day moving average of $29.06 and a 200 day moving average of $30.15. The stock has a market capitalization of $18.90 billion, a P/E ratio of 47.35, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. 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 (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. 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 dividend yield of 3.23%. Weyerhaeuser's dividend payout ratio (DPR) is presently 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.