State of Alaska Department of Revenue Sells 27,306 Shares of Weyerhaeuser (NYSE:WY)

State of Alaska Department of Revenue trimmed its position in Weyerhaeuser (NYSE:WY - Free Report) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,568 shares of the real estate investment trust's stock after selling 27,306 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Weyerhaeuser worth $12,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 719 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser during the 3rd quarter valued at approximately $45,000. Finally, Capital Performance Advisors LLP purchased a new stake in Weyerhaeuser during the 3rd quarter valued at approximately $50,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup cut 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. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser Trading Up 0.7 %

WY traded up $0.23 during trading on Monday, reaching $30.28. The company had a trading volume of 1,114,275 shares, compared to its average volume of 3,539,923. The stock has a market cap of $22.00 billion, a P/E ratio of 55.06, a PEG ratio of 4.69 and a beta of 1.42. The business has a 50 day simple moving average of $29.54 and a 200-day simple moving average of $30.92. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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 (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.