Citigroup Inc. Sells 186,762 Shares of Weyerhaeuser (NYSE:WY)

Citigroup Inc. lessened its stake in Weyerhaeuser (NYSE:WY - Free Report) by 24.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562,038 shares of the real estate investment trust's stock after selling 186,762 shares during the period. Citigroup Inc. owned 0.08% of Weyerhaeuser worth $19,031,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Raymond James Trust N.A. raised its position in shares of Weyerhaeuser by 16.4% during the 3rd quarter. Raymond James Trust N.A. now owns 75,241 shares of the real estate investment trust's stock valued at $2,548,000 after acquiring an additional 10,598 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock valued at $295,940,000 after acquiring an additional 454,095 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Weyerhaeuser by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust's stock valued at $132,709,000 after buying an additional 740,508 shares during the period. Cypress Capital Group acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at $231,000. Finally, Intech Investment Management LLC grew its holdings in shares of Weyerhaeuser by 39.1% in the 3rd quarter. Intech Investment Management LLC now owns 28,455 shares of the real estate investment trust's stock valued at $963,000 after buying an additional 7,992 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 1.4 %

NYSE WY traded up $0.44 on Wednesday, reaching $32.35. The company had a trading volume of 2,784,010 shares, compared to its average volume of 3,608,281. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 43.72 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company's fifty day moving average is $32.23 and its 200-day moving average is $30.81.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business earned $0.33 EPS. The company's revenue for the quarter was down 13.3% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.47%. Weyerhaeuser's dividend payout ratio is 108.11%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WY shares. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. StockNews.com lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Truist Financial boosted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. BMO Capital Markets reissued a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Argus raised shares of Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.33.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O'rourke bought 7,800 shares of the company's stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company's stock.

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.