Weyerhaeuser (NYSE:WY) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,430,589 shares of the real estate investment trust's stock after selling 23,389 shares during the period. Tocqueville Asset Management L.P. owned about 0.20% of Weyerhaeuser worth $40,271,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WY. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Weyerhaeuser by 257.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock valued at $151,437,000 after buying an additional 3,220,235 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock valued at $137,417,000 after buying an additional 2,685,634 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Weyerhaeuser during the 3rd quarter worth about $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Weyerhaeuser during the 4th quarter worth about $26,206,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.94 on Friday, reaching $29.18. The company's stock had a trading volume of 6,205,367 shares, compared to its average volume of 3,717,465. The stock has a market capitalization of $21.17 billion, a P/E ratio of 53.05, 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 $36.27. The stock's 50-day moving average is $29.99 and its two-hundred day moving average is $30.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

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

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup dropped their target price 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. Truist Financial reduced their price target 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. Finally, BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.