Weyerhaeuser (NYSE:WY) Holdings Decreased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,615 shares of the real estate investment trust's stock after selling 11,048 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Weyerhaeuser were worth $1,284,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its position in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 367 shares during the last quarter. IHT Wealth Management LLC bought a new stake in Weyerhaeuser in the third quarter valued at about $407,000. Quantinno Capital Management LP raised its stake in Weyerhaeuser by 17.7% during the third quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust's stock valued at $576,000 after buying an additional 2,563 shares in the last quarter. Stifel Financial Corp lifted its holdings in Weyerhaeuser by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 677,214 shares of the real estate investment trust's stock worth $22,931,000 after buying an additional 57,479 shares during the last quarter. Finally, State Street Corp grew its position 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 worth $1,063,463,000 after acquiring an additional 761,757 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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Weyerhaeuser Trading Down 0.2 %

Shares of Weyerhaeuser stock traded down $0.06 on Friday, reaching $25.76. 3,635,721 shares of the company were exchanged, compared to its average volume of 3,698,770. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. 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 stock has a fifty day moving average price of $29.14 and a 200-day moving average price of $30.22.

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, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.26%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WY. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Truist Financial dropped their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Citigroup decreased their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $34.50.

Weyerhaeuser 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.