Trium Capital LLP Sells 10,745 Shares of Weyerhaeuser Company (NYSE:WY)

Trium Capital LLP lowered its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 54.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,109 shares of the real estate investment trust's stock after selling 10,745 shares during the period. Trium Capital LLP's holdings in Weyerhaeuser were worth $267,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WY. Norges Bank bought a new position in Weyerhaeuser in the 4th quarter worth $638,470,000. Cohen & Steers Inc. boosted its stake in Weyerhaeuser by 57.5% in the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Bank of New York Mellon Corp boosted its stake in Weyerhaeuser by 63.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust's stock worth $212,733,000 after purchasing an additional 2,833,288 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Weyerhaeuser by 23,525.2% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,428,378 shares of the real estate investment trust's stock worth $41,823,000 after purchasing an additional 1,422,332 shares during the period. Finally, Deutsche Bank AG boosted its stake in Weyerhaeuser by 43.6% in the 4th quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock worth $118,140,000 after purchasing an additional 1,273,217 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 0.1%

NYSE WY traded up $0.03 during trading on Thursday, hitting $26.18. The stock had a trading volume of 4,519,409 shares, compared to its average volume of 3,864,081. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 52.36, a P/E/G ratio of 38.81 and a beta of 1.14. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The stock has a 50 day simple moving average of $26.21 and a 200 day simple moving average of $27.80.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its board has authorized a stock repurchase program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on WY. JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Citigroup dropped their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. CIBC lowered 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. Finally, Truist Financial lowered 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. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $33.13.

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.