UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Weyerhaeuser (NYSE:WY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Weyerhaeuser (NYSE:WY - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,318,202 shares of the real estate investment trust's stock after selling 154,249 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.59% of Weyerhaeuser worth $121,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp increased its holdings in shares of 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 purchasing an additional 1,373 shares in the last quarter. Sonora Investment Management Group LLC increased its holdings in Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock worth $1,458,000 after acquiring an additional 18,698 shares in the last quarter. Jones Financial Companies Lllp grew its holdings 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 buying an additional 3,084 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings 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 buying an additional 10,601 shares in the last quarter. Finally, Barclays PLC grew 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 buying an additional 153,919 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WY shares. 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 research 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 report on Friday, May 23rd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Truist Financial lowered their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average price target of $33.75.

Weyerhaeuser Stock Up 0.3%

WY stock traded up $0.07 during midday trading on Thursday, reaching $25.96. 1,098,452 shares of the company were exchanged, compared to its average volume of 3,789,935. 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 has a 1-year low of $24.10 and a 1-year high of $34.03. The stock's 50-day simple moving average is $26.40 and its 200 day simple moving average is $28.72. The company has a market cap of $18.82 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 4.74 and a beta of 1.15.

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 for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.24%. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.