Swiss National Bank decreased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,054,633 shares of the real estate investment trust's stock after selling 109,300 shares during the quarter. Swiss National Bank owned about 0.28% of Weyerhaeuser worth $57,838,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in Weyerhaeuser in the 3rd quarter valued at about $440,000. Victory Capital Management Inc. boosted its position in Weyerhaeuser by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust's stock valued at $15,474,000 after buying an additional 48,137 shares during the last quarter. Huntington National Bank boosted its position in Weyerhaeuser by 3.4% in the 3rd quarter. Huntington National Bank now owns 18,740 shares of the real estate investment trust's stock valued at $635,000 after buying an additional 623 shares during the last quarter. KBC Group NV boosted its position in Weyerhaeuser by 315.8% in the 3rd quarter. KBC Group NV now owns 326,588 shares of the real estate investment trust's stock valued at $11,058,000 after buying an additional 248,035 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in Weyerhaeuser by 17.8% in the 3rd quarter. Metis Global Partners LLC now owns 77,573 shares of the real estate investment trust's stock valued at $2,627,000 after buying an additional 11,694 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on WY shares. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three investment 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. According to MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $35.00.
Check Out Our Latest Analysis on Weyerhaeuser
Weyerhaeuser Stock Performance
NYSE WY traded up $0.04 during trading hours on Wednesday, reaching $29.90. The company's stock had a trading volume of 3,032,941 shares, compared to its average volume of 3,683,399. 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 business has a 50-day simple moving average of $29.89 and a 200 day simple moving average of $30.76. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock has a market cap of $21.70 billion, a PE ratio of 54.37, a PEG ratio of 4.74 and a beta of 1.43.
Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results 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%. Equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.
Weyerhaeuser Company Profile
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Free Report)
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.
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