Wellington Management Group LLP Sells 183,545 Shares of Weyerhaeuser (NYSE:WY)

Wellington Management Group LLP lowered its stake in Weyerhaeuser (NYSE:WY - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,572,320 shares of the real estate investment trust's stock after selling 183,545 shares during the quarter. Wellington Management Group LLP owned approximately 4.90% of Weyerhaeuser worth $1,001,361,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Assetmark Inc. boosted its holdings in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser during the 4th quarter worth about $44,000. Graney & King LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc lifted its stake in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on WY. Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, December 6th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

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Weyerhaeuser Price Performance

WY traded down $2.06 during trading on Thursday, hitting $27.43. 5,363,687 shares of the stock traded hands, compared to its average volume of 3,637,584. The business has a 50 day moving average price of $29.97 and a 200 day moving average price of $30.66. 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 has a twelve month low of $26.73 and a twelve month high of $35.30. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 49.86, a PEG 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 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%. Equities 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. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.06%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is 152.73%.

Weyerhaeuser Company 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.