Weyerhaeuser (NYSE:WY) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,603,437 shares of the real estate investment trust's stock after acquiring an additional 299,020 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Weyerhaeuser worth $101,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WY. Fiduciary Trust Co grew its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after acquiring an additional 331 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after purchasing an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after buying an additional 367 shares during the period. Capital Investment Advisors LLC increased its holdings in Weyerhaeuser by 5.3% during the third quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust's stock valued at $281,000 after buying an additional 414 shares during the period. Finally, GAMMA Investing LLC raised its stake in Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after buying an additional 448 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE WY traded down $0.29 on Friday, hitting $29.69. 4,549,839 shares of the company's stock traded hands, compared to its average volume of 3,591,354. 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 firm's 50-day moving average price is $29.26 and its two-hundred day moving average price is $30.82. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market capitalization of $21.54 billion, a PE ratio of 53.97, a P/E/G ratio of 4.62 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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%. As a group, analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WY. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial reduced their target price 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. CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective 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 company's stock. According to MarketBeat, the company presently 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.