Weyerhaeuser Company (NYSE:WY) Shares Sold by Trium Capital LLP

Trium Capital LLP lessened its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 54.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

Several other institutional investors have also recently made changes to their positions in WY. Cohen & Steers Inc. boosted its stake in shares of 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 valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the period. Norges Bank bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $638,470,000. Geode Capital Management LLC increased its stake in Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after purchasing an additional 637,643 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after purchasing an additional 158,800 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock valued at $268,498,000 after purchasing an additional 322,313 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Wall Street Analyst Weigh In

WY has been the topic of several recent research reports. Truist Financial dropped their price objective 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. CIBC lowered their price target 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. Citigroup lowered their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.13.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.11 during mid-day trading on Friday, reaching $26.29. The company's stock had a trading volume of 3,614,121 shares, compared to its average volume of 3,863,085. The stock has a 50-day moving average of $26.21 and a two-hundred day moving average of $27.80. The stock has a market capitalization of $19.07 billion, a P/E ratio of 52.58, a P/E/G ratio of 38.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released 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. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. Weyerhaeuser's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

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

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.