Tredje AP fonden Trims Stock Position in Weyerhaeuser (NYSE:WY)

Tredje AP fonden reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 82.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,580 shares of the real estate investment trust's stock after selling 276,966 shares during the quarter. Tredje AP fonden's holdings in Weyerhaeuser were worth $1,621,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Wellington Management Group LLP raised its stake 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 stake 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 purchasing an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. increased 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 purchasing an additional 2,685,634 shares during the period. Point72 Asset Management L.P. acquired a new position in Weyerhaeuser in the third quarter valued at $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in Weyerhaeuser in the fourth quarter valued at $26,206,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have commented on the stock. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. Finally, Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Three equities 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 company's stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Weyerhaeuser Price Performance

WY stock traded up $0.04 during trading on Wednesday, reaching $29.90. 3,032,951 shares of the company were exchanged, compared to its average volume of 3,356,108. The company has a market cap of $21.70 billion, a P/E ratio of 54.37, 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 price is $29.89 and its 200 day moving average price is $30.76. 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 (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 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%. As a group, analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is currently 152.73%.

About Weyerhaeuser

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.