Illinois Municipal Retirement Fund Sells 18,587 Shares of Weyerhaeuser (NYSE:WY)

Illinois Municipal Retirement Fund lessened its position in Weyerhaeuser (NYSE:WY - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,038 shares of the real estate investment trust's stock after selling 18,587 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Weyerhaeuser were worth $395,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WY. Truist Financial Corp increased its stake in Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after buying an additional 1,373 shares during the period. Oak Thistle LLC acquired a new position in shares of Weyerhaeuser during the 4th quarter worth $1,214,000. Sonora Investment Management Group LLC increased its stake in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after purchasing an additional 18,698 shares during the last quarter. Czech National Bank increased its stake in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Finally, Inspire Trust Co. N.A. increased its stake in shares of Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently commented on WY shares. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. 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 research note on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three investment 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded up $0.47 during mid-day trading on Friday, reaching $30.69. The company had a trading volume of 5,394,115 shares, compared to its average volume of 3,374,083. 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 50 day moving average of $29.69 and a 200-day moving average of $30.80. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 55.80, a PEG ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.74%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) 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.