Geode Capital Management LLC Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

Geode Capital Management LLC lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,171,701 shares of the real estate investment trust's stock after acquiring an additional 637,643 shares during the period. Geode Capital Management LLC owned 2.78% of Weyerhaeuser worth $566,527,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WY. Tradewinds LLC. purchased a new position in Weyerhaeuser during the fourth quarter valued at $201,000. Summit Financial LLC purchased a new position in Weyerhaeuser in the 4th quarter worth approximately $743,000. Edmond DE Rothschild Holding S.A. lifted its position in Weyerhaeuser by 55.8% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 670,000 shares of the real estate investment trust's stock valued at $18,860,000 after acquiring an additional 240,000 shares in the last quarter. AIA Group Ltd increased its holdings in shares of Weyerhaeuser by 5.7% in the 4th quarter. AIA Group Ltd now owns 1,242,941 shares of the real estate investment trust's stock worth $34,989,000 after purchasing an additional 66,994 shares in the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Weyerhaeuser by 5.7% in the 4th quarter. Clearbridge Investments LLC now owns 108,819 shares of the real estate investment trust's stock worth $3,063,000 after buying an additional 5,891 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating 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 given a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average price target of $34.50.

Remove Ads

Weyerhaeuser Stock Down 0.2 %

Shares of WY traded down $0.05 during mid-day trading on Tuesday, hitting $25.43. The company's stock had a trading volume of 1,773,646 shares, compared to its average volume of 3,662,613. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52-week low of $24.89 and a 52-week high of $35.08. The company's 50-day moving average is $29.73 and its 200-day moving average is $30.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly 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 net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. 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 3.30%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) 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.