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

Trium Capital LLP decreased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 54.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other hedge funds have also recently added to or reduced their stakes in WY. Norges Bank acquired a new position in Weyerhaeuser during the 4th quarter valued at about $638,470,000. Cohen & Steers Inc. lifted its position in Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Bank of New York Mellon Corp raised its position in shares of 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 valued at $212,733,000 after acquiring an additional 2,833,288 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of 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 valued at $41,823,000 after acquiring an additional 1,422,332 shares during the period. Finally, Deutsche Bank AG raised its position in shares of 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 valued at $118,140,000 after acquiring an additional 1,273,217 shares during the period. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 1.4%

Shares of NYSE:WY traded up $0.38 during midday trading on Thursday, hitting $26.53. The stock had a trading volume of 1,716,309 shares, compared to its average volume of 3,852,885. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $26.21 and its 200-day simple moving average is $27.81. The company has a market cap of $19.24 billion, a P/E ratio of 53.03, a PEG ratio of 38.84 and a beta of 1.14.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting 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 analysts' expectations of $1.80 billion. During the same period last 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 Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser declared that its board has approved a share buyback program on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders 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 dividend on an annualized basis and a yield of 3.17%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Analyst Ratings Changes

WY has been the topic of a number of analyst reports. Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. CIBC dropped their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.13.

About Weyerhaeuser

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.