Weyerhaeuser (NYSE:WY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its holdings in Weyerhaeuser (NYSE:WY) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,768 shares of the real estate investment trust’s stock after selling 77,577 shares during the quarter. Handelsbanken Fonder AB’s holdings in Weyerhaeuser were worth $9,452,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of WY. Truist Financial Corp boosted its stake in shares of Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after acquiring an additional 1,373 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Weyerhaeuser by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust’s stock valued at $3,128,000 after purchasing an additional 4,733 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Weyerhaeuser by 9.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust’s stock worth $101,439,000 after purchasing an additional 299,020 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Weyerhaeuser by 6.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust’s stock worth $563,000 after buying an additional 1,216 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $365,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $29.69 on Friday. The business has a 50-day moving average of $29.26 and a two-hundred day moving average of $30.81. The firm has a market capitalization of $21.54 billion, a PE ratio of 53.97, a P/E/G ratio of 4.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its 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%. As a group, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is presently 145.46%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research note on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. 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 currently has an average rating of “Moderate Buy” and a consensus price target 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.