Franklin Resources Inc. Has $13.92 Million Stock Position in Weyerhaeuser (NYSE:WY)

Franklin Resources Inc. lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 494,439 shares of the real estate investment trust's stock after selling 235,131 shares during the quarter. Franklin Resources Inc. owned approximately 0.07% of Weyerhaeuser worth $13,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $638,470,000. Geode Capital Management LLC lifted its holdings in 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 worth $659,422,000 after purchasing an additional 217,510 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Weyerhaeuser by 1.1% during 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. Charles Schwab Investment Management Inc. grew its holdings in Weyerhaeuser by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,986,081 shares of the real estate investment trust's stock valued at $252,958,000 after purchasing an additional 245,962 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Weyerhaeuser by 2.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust's stock valued at $247,793,000 after purchasing an additional 249,257 shares during the period. Institutional investors own 82.99% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently issued reports on WY shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research report on Tuesday. They issued an "overweight" rating and a $31.00 price target on the stock. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Weyerhaeuser Stock Performance

WY stock traded down $0.06 during midday trading on Friday, hitting $25.76. The stock had a trading volume of 3,635,721 shares, compared to its average volume of 3,698,770. Weyerhaeuser has a 52 week low of $24.10 and a 52 week 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 stock has a 50-day simple moving average of $29.14 and a 200 day simple moving average of $30.22. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping 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, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.26%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.

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.