Vanguard Group Inc. Sells 300,461 Shares of Weyerhaeuser (NYSE:WY)

Vanguard Group Inc. cut its stake in Weyerhaeuser (NYSE:WY) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,435,932 shares of the real estate investment trust’s stock after selling 300,461 shares during the quarter. Vanguard Group Inc. owned about 15.61% of Weyerhaeuser worth $3,193,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares during the period. Asset Planning Inc purchased a new stake in Weyerhaeuser in the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $44,000. AdvisorNet Financial Inc boosted its stake in shares of Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $52,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $29.19 on Wednesday. The company has a market capitalization of $21.18 billion, a PE ratio of 53.07, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a 50-day simple moving average of $30.05 and a two-hundred day simple moving average of $30.73. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.88%. 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 152.73%.

Analyst Ratings Changes

WY has been the subject of several research reports. 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 research report on Monday, December 23rd. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company 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 on the stock in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Company 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.