Capital Fund Management S.A. boosted its position in Weyerhaeuser (NYSE:WY - Free Report) by 381.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,025 shares of the real estate investment trust's stock after purchasing an additional 332,806 shares during the period. Capital Fund Management S.A. owned about 0.06% of Weyerhaeuser worth $11,824,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP lifted its position in Weyerhaeuser by 17.7% during the 3rd quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust's stock worth $576,000 after acquiring an additional 2,563 shares in the last quarter. MML Investors Services LLC boosted its position in Weyerhaeuser by 7.9% in the 3rd quarter. MML Investors Services LLC now owns 76,897 shares of the real estate investment trust's stock valued at $2,604,000 after buying an additional 5,632 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Weyerhaeuser by 7.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 222,000 shares of the real estate investment trust's stock valued at $7,517,000 after acquiring an additional 15,403 shares in the last quarter. Barclays PLC increased its position in shares of Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after acquiring an additional 153,919 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock worth $659,422,000 after acquiring an additional 217,510 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Stock Down 1.1 %
NYSE:WY traded down $0.29 on Tuesday, hitting $25.83. 3,121,552 shares of the company's stock traded hands, compared to its average volume of 3,698,123. The company has a market cap of $18.75 billion, a PE ratio of 46.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $29.06 and a 200-day moving average price of $30.15.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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 analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's payout ratio is presently 152.73%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Citigroup decreased their price objective 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. Finally, JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target for the company. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and a consensus target price of $34.50.
Check Out Our Latest Report on Weyerhaeuser
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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