Marathon Asset Management Ltd Sells 39,853 Shares of Weyerhaeuser Company (NYSE:WY)

Marathon Asset Management Ltd decreased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 10.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Waverly Advisors LLC grew its position in shares of Weyerhaeuser by 3.3% in the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 343 shares during the last quarter. Texas Yale Capital Corp. raised its holdings in shares of Weyerhaeuser by 4.0% in the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock worth $279,000 after buying an additional 385 shares in the last quarter. S.A. Mason LLC boosted its stake in shares of Weyerhaeuser by 5.6% in the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 408 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after buying an additional 416 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock valued at $1,938,000 after purchasing an additional 419 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. CIBC dropped their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. Truist Financial reduced their price objective on 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 downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Citigroup lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Tuesday. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.13.

Weyerhaeuser Stock Up 2.0%

WY traded up $0.51 during trading on Tuesday, hitting $26.20. The company had a trading volume of 5,075,067 shares, compared to its average volume of 3,937,769. The firm's 50-day moving average price is $26.10 and its 200 day moving average price is $27.91. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The company has a market capitalization of $19.00 billion, a PE ratio of 52.40, a PEG ratio of 33.53 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results 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 return on equity of 3.59% and a net margin of 5.15%. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $0.16 EPS. The business's revenue was down 4.9% on a year-over-year basis. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 3.21%. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

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

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.