Moody National Bank Trust Division Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Moody National Bank Trust Division lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 74.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,178 shares of the real estate investment trust's stock after selling 20,682 shares during the period. Moody National Bank Trust Division's holdings in Weyerhaeuser were worth $202,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WY. Wellington Management Group LLP raised its stake in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock valued at $1,210,694,000 after buying an additional 4,035,048 shares during the last quarter. State Street Corp increased its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust's stock valued at $1,063,463,000 after acquiring an additional 761,757 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after purchasing an additional 217,510 shares during the last quarter. Legal & General Group Plc boosted its stake in Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock worth $324,450,000 after purchasing an additional 503,059 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 worth $295,940,000 after purchasing an additional 454,095 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.48 on Thursday, hitting $30.04. The company had a trading volume of 2,706,141 shares, compared to its average volume of 3,562,854. The firm has a market cap of $21.83 billion, a P/E ratio of 40.59 and a beta of 1.42. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a 50-day moving average price of $29.88 and a 200-day moving average price of $30.72. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser's revenue for the quarter was down 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, equities research analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WY shares. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Monday, December 16th. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a report on Wednesday. Finally, Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average target price of $35.14.

Weyerhaeuser 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.