Wells Fargo & Company MN Sells 58,699 Shares of Weyerhaeuser (NYSE:WY)

Wells Fargo & Company MN cut its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 996,436 shares of the real estate investment trust's stock after selling 58,699 shares during the period. Wells Fargo & Company MN owned about 0.14% of Weyerhaeuser worth $28,050,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WY. Norges Bank bought a new position in Weyerhaeuser in the 4th quarter valued at approximately $638,470,000. Daiwa Securities Group Inc. boosted its holdings in shares of Weyerhaeuser by 122.3% during the 4th 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 acquiring an additional 2,685,634 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Weyerhaeuser during the 4th quarter worth $26,206,000. Sei Investments Co. increased its holdings in Weyerhaeuser by 30.5% in the 4th quarter. Sei Investments Co. now owns 3,150,216 shares of the real estate investment trust's stock worth $88,678,000 after purchasing an additional 736,691 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Weyerhaeuser by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after purchasing an additional 637,643 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WY shares. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

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Weyerhaeuser Trading Down 1.1 %

WY traded down $0.29 during trading on Tuesday, reaching $25.83. 3,121,552 shares of the stock traded hands, compared to its average volume of 3,694,587. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $29.06 and its 200 day moving average is $30.15. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a market capitalization of $18.75 billion, a PE ratio of 46.97, a P/E/G ratio of 4.74 and a beta of 1.25.

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

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. This is a positive change 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.