Weyerhaeuser (NYSE:WY) Shares Sold by Korea Investment CORP

Korea Investment CORP lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 515,541 shares of the real estate investment trust's stock after selling 8,900 shares during the quarter. Korea Investment CORP owned 0.07% of Weyerhaeuser worth $14,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WY. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc purchased a new position in Weyerhaeuser in the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth about $44,000. Graney & King LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter worth about $44,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded down $0.58 during mid-day trading on Friday, reaching $26.85. The company's stock had a trading volume of 928,013 shares, compared to its average volume of 3,629,681. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a twelve month low of $26.72 and a twelve month high of $35.30. The business has a 50 day moving average price of $29.92 and a 200-day moving average price of $30.64. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

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

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.