Price T Rowe Associates Inc. MD Has $1.16 Billion Stake in Weyerhaeuser (NYSE:WY)

Price T Rowe Associates Inc. MD lessened its position in Weyerhaeuser (NYSE:WY - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,381,278 shares of the real estate investment trust's stock after selling 563,997 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.70% of Weyerhaeuser worth $1,164,885,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Truist Financial Corp boosted its holdings in shares of Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after buying an additional 1,373 shares during the period. Oak Thistle LLC acquired a new position in Weyerhaeuser during the fourth quarter valued at $1,214,000. Sonora Investment Management Group LLC boosted its position in Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after acquiring an additional 18,698 shares during the period. Czech National Bank grew its stake in Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock valued at $4,435,000 after acquiring an additional 9,377 shares in the last quarter. Finally, Inspire Trust Co. N.A. increased 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 purchasing an additional 75,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded up $0.75 on Monday, reaching $25.56. 7,708,406 shares of the stock were exchanged, compared to its average volume of 3,726,442. The stock has a market cap of $18.55 billion, a PE ratio of 46.47, a PEG ratio of 4.74 and a beta of 1.25. The firm has a fifty day moving average price of $28.25 and a two-hundred day moving average price of $29.66. Weyerhaeuser has a twelve month low of $24.10 and a twelve month 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.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business posted $0.16 EPS. The company's revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.29%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC cut their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.75.

About Weyerhaeuser

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.