Weyerhaeuser (NYSE:WY) Shares Sold by PGGM Investments

PGGM Investments cut its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,433 shares of the real estate investment trust's stock after selling 35,101 shares during the period. PGGM Investments' holdings in Weyerhaeuser were worth $997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WY. Assetmark Inc. increased its position in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $36,000. Meeder Asset Management Inc. increased its position in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 719 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $57,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WY has been the topic of a number of research analyst reports. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. 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 report on Friday, December 6th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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Weyerhaeuser Stock Performance

WY traded down $0.11 during trading on Tuesday, reaching $29.85. The company's stock had a trading volume of 2,931,001 shares, compared to its average volume of 3,696,152. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company's fifty day moving average price is $29.86 and its 200-day moving average price is $30.76. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 54.27, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is currently 152.73%.

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.