KLP Kapitalforvaltning AS Makes New Investment in Weyerhaeuser (NYSE:WY)

KLP Kapitalforvaltning AS acquired a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 396,081 shares of the real estate investment trust's stock, valued at approximately $11,150,000. KLP Kapitalforvaltning AS owned approximately 0.05% of Weyerhaeuser as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WY. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 12.7% in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Weyerhaeuser by 257.2% in 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 valued at $151,437,000 after buying an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. raised its position 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 acquiring an additional 2,685,634 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Weyerhaeuser in the third quarter worth approximately $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $26,206,000. 82.99% of the stock is owned by institutional investors and hedge funds.

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Weyerhaeuser Stock Down 0.7 %

Weyerhaeuser stock traded down $0.21 during midday trading on Friday, reaching $29.38. The stock had a trading volume of 2,568,832 shares, compared to its average volume of 3,615,622. The company has a fifty day moving average price of $30.02 and a two-hundred day moving average price of $30.71. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.10. 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 company has a market capitalization of $21.32 billion, a P/E ratio of 53.41, 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, beating 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%. As a group, equities 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 was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This is an increase 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 annualized dividend and a yield of 2.86%. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a report on Monday, December 23rd. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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.