Weyerhaeuser Company (NYSE:WY) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,797 shares of the real estate investment trust's stock after selling 39,853 shares during the period. Marathon Asset Management Ltd's holdings in Weyerhaeuser were worth $9,890,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Weyerhaeuser by 2.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust's stock worth $264,171,000 after purchasing an additional 213,062 shares during the last quarter. TCV Trust & Wealth Management Inc. lifted its position in shares of Weyerhaeuser by 10.1% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 9,782 shares of the real estate investment trust's stock worth $286,000 after purchasing an additional 900 shares during the last quarter. U S Global Investors Inc. purchased a new stake in shares of Weyerhaeuser during the 1st quarter worth $381,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Weyerhaeuser by 21.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,107 shares of the real estate investment trust's stock worth $2,557,000 after purchasing an additional 15,174 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Weyerhaeuser by 1,502.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 224,955 shares of the real estate investment trust's stock worth $6,587,000 after purchasing an additional 210,917 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Trading Down 1.9%

NYSE WY opened at $25.83 on Friday. 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 firm has a market cap of $18.74 billion, a PE ratio of 51.66, a P/E/G ratio of 34.14 and a beta of 1.16. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The firm's fifty day moving average is $26.08 and its two-hundred day moving average is $27.97.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. Weyerhaeuser's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. Analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.25%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. CIBC decreased their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Citigroup decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Truist Financial reduced their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $33.25.

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.

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