Man Group plc Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Man Group plc reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,089 shares of the real estate investment trust's stock after selling 12,896 shares during the quarter. Man Group plc's holdings in Weyerhaeuser were worth $6,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake 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 purchasing an additional 153,919 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Weyerhaeuser by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 100,138 shares of the real estate investment trust's stock valued at $2,819,000 after buying an additional 4,044 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock valued at $423,000 after buying an additional 357 shares in the last quarter. Ameritas Advisory Services LLC raised its stake in shares of Weyerhaeuser by 7.7% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,263 shares of the real estate investment trust's stock worth $204,000 after buying an additional 521 shares during the last quarter. Finally, Clarius Group LLC boosted its position in shares of Weyerhaeuser by 7.6% in the 4th quarter. Clarius Group LLC now owns 7,636 shares of the real estate investment trust's stock worth $215,000 after buying an additional 540 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 0.1%

Weyerhaeuser stock traded down $0.03 during trading on Monday, hitting $25.22. The company's stock had a trading volume of 3,342,876 shares, compared to its average volume of 3,753,643. The stock's fifty day moving average is $26.64 and its 200 day moving average is $28.81. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 45.86, a P/E/G ratio of 4.74 and a beta of 1.15. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The firm's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared 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 3.33%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser announced that its board has approved a share repurchase 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 purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WY shares. Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday. Finally, CIBC reduced their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.