Massachusetts Financial Services Co. MA Acquires 26,345 Shares of Weyerhaeuser (NYSE:WY)

Massachusetts Financial Services Co. MA increased its stake in Weyerhaeuser (NYSE:WY - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,945,694 shares of the real estate investment trust's stock after buying an additional 26,345 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.54% of Weyerhaeuser worth $111,071,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 12.7% during the third 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 purchasing an additional 4,035,048 shares during the period. State Street Corp lifted its holdings in Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $638,470,000. Geode Capital Management LLC raised its holdings in Weyerhaeuser by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock worth $566,527,000 after purchasing an additional 637,643 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after purchasing an additional 158,800 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on WY shares. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report 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 decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. Three equities research 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 stock. According to MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $34.50.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $1.11 during mid-day trading on Thursday, hitting $25.45. 955,888 shares of the stock were exchanged, compared to its average volume of 3,684,157. The stock's fifty day simple moving average is $29.33 and its two-hundred day simple moving average is $30.33. 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 has a twelve month low of $24.10 and a twelve month high of $34.26. The company has a market cap of $18.47 billion, a P/E ratio of 46.05, a PEG ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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 forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm 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 is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 3.30%. Weyerhaeuser's payout ratio is presently 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.