Weyerhaeuser (NYSE:WY) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 82.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,589 shares of the real estate investment trust's stock after selling 268,999 shares during the quarter. KBC Group NV's holdings in Weyerhaeuser were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Wellington Management Group LLP lifted its position in Weyerhaeuser by 12.7% during the 3rd 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 acquiring an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Weyerhaeuser by 257.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. boosted its position in Weyerhaeuser by 2,664.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock valued at $74,355,000 after buying an additional 2,116,520 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock valued at $291,306,000 after buying an additional 2,004,073 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Weyerhaeuser during the 3rd quarter worth approximately $40,773,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WY shares. Citigroup cut their price objective 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. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note 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. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Price Performance

NYSE:WY traded up $0.20 during trading hours on Wednesday, reaching $30.34. 2,720,996 shares of the company were exchanged, compared to its average volume of 3,774,943. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $22.04 billion, a PE ratio of 55.16 and a beta of 1.42. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock's 50-day moving average is $29.66 and its 200-day moving average is $30.92.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.84 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Friday, November 29th. Weyerhaeuser's dividend payout ratio is presently 145.46%.

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.