Weyerhaeuser (NYSE:WY) Holdings Decreased by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 84.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,860 shares of the real estate investment trust's stock after selling 49,393 shares during the period. Groupama Asset Managment's holdings in Weyerhaeuser were worth $247,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WY. Norges Bank purchased a new stake in Weyerhaeuser in the 4th quarter valued at $638,470,000. Wellington Management Group LLP raised its stake in shares of Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Weyerhaeuser by 122.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after purchasing an additional 2,685,634 shares during the period. Point72 Asset Management L.P. acquired a new position in Weyerhaeuser in the 3rd quarter valued at $40,773,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth $26,206,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WY has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial dropped 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. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Remove Ads

Weyerhaeuser Stock Down 0.5 %

Shares of NYSE:WY traded down $0.12 during midday trading on Tuesday, hitting $25.36. 1,773,646 shares of the company's stock traded hands, compared to its average volume of 3,662,666. The firm's fifty day moving average price is $29.73 and its two-hundred day moving average price is $30.50. 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 twelve month low of $24.89 and a twelve month high of $35.08. The company has a market cap of $18.41 billion, a PE ratio of 46.36, a P/E/G ratio of 4.74 and a beta of 1.25.

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, 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 research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.31%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is presently 152.73%.

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.