Premier Fund Managers Ltd Sells 216,293 Shares of Weyerhaeuser (NYSE:WY)

Premier Fund Managers Ltd trimmed its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,449 shares of the real estate investment trust's stock after selling 216,293 shares during the quarter. Premier Fund Managers Ltd's holdings in Weyerhaeuser were worth $5,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after buying an additional 4,035,048 shares during the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 761,757 shares in the last quarter. Norges Bank purchased a new stake in Weyerhaeuser during the 4th quarter valued at about $638,470,000. Geode Capital Management LLC grew its position in Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after purchasing an additional 217,510 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after purchasing an additional 158,800 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Weyerhaeuser Stock Performance

WY stock traded down $0.26 during trading on Tuesday, reaching $29.03. The stock had a trading volume of 1,022,008 shares, compared to its average volume of 3,594,117. The stock's 50 day moving average is $30.00 and its two-hundred day moving average is $30.69. The firm has a market cap of $21.07 billion, a PE ratio of 52.79, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $35.49. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities analysts anticipate 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. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WY. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Three equities research 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. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and an average price target of $35.00.

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.