Corebridge Financial Inc. reduced its stake in Weyerhaeuser (NYSE:WY - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,058 shares of the real estate investment trust's stock after selling 8,539 shares during the period. Corebridge Financial Inc.'s holdings in Weyerhaeuser were worth $4,843,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp increased its holdings in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after acquiring an additional 1,373 shares during the last quarter. Oak Thistle LLC acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $1,214,000. Sonora Investment Management Group LLC raised its holdings in Weyerhaeuser by 56.5% during the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after purchasing an additional 18,698 shares in the last quarter. Czech National Bank lifted its position in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock worth $4,435,000 after buying an additional 9,377 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its holdings in shares of Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock valued at $4,253,000 after buying an additional 75,000 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average price target of $35.00.
View Our Latest Stock Report on WY
Weyerhaeuser Price Performance
Shares of NYSE WY traded down $0.18 during trading on Tuesday, hitting $29.11. 4,859,620 shares of the company were exchanged, compared to its average volume of 3,622,058. 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 1 year low of $26.73 and a 1 year high of $36.10. The company has a market cap of $21.13 billion, a price-to-earnings ratio of 52.92, a PEG ratio of 4.74 and a beta of 1.43. The firm's fifty day moving average price is $30.00 and its 200 day moving average price is $30.69.
Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.89%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.
About Weyerhaeuser
(
Free Report)
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.
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