Fiduciary Trust Co Lowers Holdings in Weyerhaeuser (NYSE:WY)

Fiduciary Trust Co decreased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 73.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,216 shares of the real estate investment trust's stock after selling 38,969 shares during the quarter. Fiduciary Trust Co's holdings in Weyerhaeuser were worth $400,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Barclays PLC grew its holdings in Weyerhaeuser by 9.6% in the 3rd quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock valued at $59,406,000 after buying an additional 153,919 shares during the period. Czech National Bank lifted its stake in shares of Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock valued at $4,435,000 after purchasing an additional 9,377 shares in the last quarter. Trust Co. of Toledo NA OH lifted its stake in shares of Weyerhaeuser by 2.3% in the 4th quarter. Trust Co. of Toledo NA OH now owns 44,019 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 1,000 shares in the last quarter. Eastern Bank lifted its stake in shares of Weyerhaeuser by 82.2% in the 4th quarter. Eastern Bank now owns 3,900 shares of the real estate investment trust's stock valued at $110,000 after purchasing an additional 1,760 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in shares of Weyerhaeuser by 41.2% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WY shares. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note 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 reduced their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, Citigroup reduced their price target on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Stock Performance

Shares of WY opened at $26.20 on Monday. The business's 50 day moving average is $27.40 and its two-hundred day moving average is $29.19. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 4.74 and a beta of 1.15. 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 announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $0.16 EPS. Weyerhaeuser's quarterly revenue was down 4.9% on a year-over-year basis. Analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser declared that its Board of Directors has initiated a share buyback plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often 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. Shareholders of record on Friday, May 30th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's payout ratio is 168.00%.

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.

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