Prudential Financial Inc. Has $10.95 Million Holdings in Weyerhaeuser (NYSE:WY)

Prudential Financial Inc. lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 38.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,794 shares of the real estate investment trust's stock after selling 239,711 shares during the period. Prudential Financial Inc. owned about 0.05% of Weyerhaeuser worth $10,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the 4th quarter worth approximately $44,000. AdvisorNet Financial Inc boosted 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 buying an additional 486 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $52,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on WY shares. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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Weyerhaeuser Trading Down 1.5 %

Shares of WY stock traded down $0.43 during trading hours on Tuesday, reaching $28.85. 1,597,885 shares of the stock were exchanged, compared to its average volume of 3,602,412. Weyerhaeuser has a 12-month low of $26.73 and a 12-month 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. The company's 50-day moving average price is $30.00 and its 200-day moving average price is $30.69. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

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

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were 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 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Friday, March 7th. Weyerhaeuser's payout ratio is presently 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.