Russell Investments Group Ltd. Has $84.42 Million Stake in Weyerhaeuser (NYSE:WY)

Russell Investments Group Ltd. grew its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,000,255 shares of the real estate investment trust's stock after purchasing an additional 678,539 shares during the quarter. Russell Investments Group Ltd. owned about 0.41% of Weyerhaeuser worth $84,423,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WY. Truist Financial Corp increased its stake in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after buying an additional 1,373 shares during the period. Oak Thistle LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $1,214,000. Sonora Investment Management Group LLC boosted its stake in Weyerhaeuser by 56.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after acquiring an additional 18,698 shares during the last quarter. Czech National Bank grew its holdings in Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. raised its position in shares of Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock valued at $4,253,000 after acquiring an additional 75,000 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on WY shares. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Three 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Weyerhaeuser Stock Down 1.2 %

NYSE WY traded down $0.30 on Friday, reaching $25.52. The company had a trading volume of 1,237,505 shares, compared to its average volume of 3,687,681. The company's fifty day moving average is $29.23 and its 200-day moving average is $30.27. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. 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 has a 1-year low of $24.10 and a 1-year high of $34.09.

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 return on equity of 3.86% and a net margin of 5.56%. On average, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend 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.