Weyerhaeuser (NYSE:WY) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 25.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 571,101 shares of the real estate investment trust's stock after selling 196,782 shares during the quarter. LPL Financial LLC owned about 0.08% of Weyerhaeuser worth $16,076,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake 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 purchasing an additional 4,035,048 shares in the last quarter. State Street Corp boosted its stake in shares of Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock valued at $1,063,463,000 after buying an additional 761,757 shares during the period. Geode Capital Management LLC grew its position in shares of Weyerhaeuser by 1.1% during the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after buying an additional 217,510 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Weyerhaeuser by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after buying an additional 158,800 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Weyerhaeuser by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock worth $252,958,000 after buying an additional 245,962 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Analyst Ratings Changes

Several research firms have commented on WY. 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. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. 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. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded down $2.06 during trading hours on Thursday, reaching $27.43. The stock had a trading volume of 5,363,687 shares, compared to its average volume of 3,639,639. The firm has a 50-day moving average of $29.97 and a 200-day moving average of $30.66. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 49.86, a PEG ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $35.30.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. Equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current 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 paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.06%. Weyerhaeuser's payout ratio is currently 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.