Weyerhaeuser (NYSE:WY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,318,202 shares of the real estate investment trust's stock after selling 154,249 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of Weyerhaeuser worth $121,557,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in Weyerhaeuser by 2.8% during the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock valued at $1,433,000 after acquiring an additional 1,373 shares during the last quarter. Sonora Investment Management Group LLC increased its holdings in shares of Weyerhaeuser by 56.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after purchasing an additional 18,698 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Weyerhaeuser by 36.7% during the fourth quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock worth $323,000 after purchasing an additional 3,084 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Weyerhaeuser by 33.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust's stock worth $1,203,000 after purchasing an additional 10,601 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after purchasing an additional 153,919 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on WY shares. Wall Street Zen upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, CIBC dropped their price target on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. One 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 stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

Weyerhaeuser Trading Up 2.3%

WY traded up $0.58 during midday trading on Tuesday, hitting $25.81. The company's stock had a trading volume of 4,214,498 shares, compared to its average volume of 3,755,486. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a 50-day moving average price of $26.55 and a two-hundred day moving average price of $28.76. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market cap of $18.72 billion, a P/E ratio of 46.93, a PEG ratio of 4.74 and a beta of 1.15.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. Weyerhaeuser's revenue was down 4.9% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.25%. Weyerhaeuser's dividend payout ratio is presently 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.