Natixis Lowers Holdings in Weyerhaeuser (NYSE:WY)

Natixis decreased its position in Weyerhaeuser (NYSE:WY - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,369 shares of the real estate investment trust's stock after selling 130,352 shares during the quarter. Natixis' holdings in Weyerhaeuser were worth $7,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC grew its stake in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after acquiring an additional 357 shares during the last quarter. Texas Yale Capital Corp. grew its position in Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 385 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock valued at $96,000 after purchasing an additional 416 shares in the last quarter. Unison Advisors LLC raised its holdings in Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after buying an additional 419 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock worth $307,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.14 during trading hours on Thursday, reaching $25.45. 4,047,615 shares of the company traded hands, compared to its average volume of 3,701,639. The firm has a 50-day moving average price of $28.43 and a 200 day moving average price of $29.81. The company has a market cap of $18.47 billion, a P/E ratio of 46.27, a P/E/G ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.30%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target for the company. CIBC lowered their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average target price of $33.75.

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.