Ensign Peak Advisors Inc Sells 91,461 Shares of Weyerhaeuser (NYSE:WY)

Ensign Peak Advisors Inc lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 460,701 shares of the real estate investment trust's stock after selling 91,461 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Weyerhaeuser worth $12,969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cohen & Steers Inc. lifted its holdings in Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after acquiring an additional 14,213,243 shares during the period. Norges Bank bought a new stake in Weyerhaeuser during the fourth quarter worth $638,470,000. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock worth $566,527,000 after acquiring an additional 637,643 shares during the period. First Eagle Investment Management LLC lifted its holdings 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 acquiring an additional 158,800 shares during the period. Finally, Northern Trust Corp lifted its holdings in Weyerhaeuser by 3.5% during the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after acquiring an additional 322,313 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded down $0.67 during mid-day trading on Wednesday, hitting $26.02. The company had a trading volume of 3,968,982 shares, compared to its average volume of 3,764,768. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of 47.31, a P/E/G ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 1 year low of $24.10 and a 1 year 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's 50-day moving average price is $27.25 and its 200-day moving average price is $29.14.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its 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 business had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same period in the previous year, the business earned $0.16 earnings per share. The firm's revenue was down 4.9% on a year-over-year basis. On average, sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its Board of Directors has initiated a stock buyback program on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is 168.00%.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, CIBC decreased their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser 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.