Weyerhaeuser (NYSE:WY) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 28.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,848 shares of the real estate investment trust's stock after selling 136,314 shares during the period. First Trust Advisors LP's holdings in Weyerhaeuser were worth $9,567,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in WY. Norges Bank acquired a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $638,470,000. Cohen & Steers Inc. boosted its holdings in shares of Weyerhaeuser by 57.5% during the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after buying an additional 14,213,243 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock valued at $137,417,000 after purchasing an additional 2,685,634 shares during the last quarter. Raymond James Financial Inc. bought a new position in Weyerhaeuser during the 4th quarter worth $26,206,000. Finally, Sei Investments Co. raised its stake in Weyerhaeuser by 30.5% in the 4th quarter. Sei Investments Co. now owns 3,150,216 shares of the real estate investment trust's stock worth $88,678,000 after purchasing an additional 736,691 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 0.2 %

NYSE WY traded down $0.06 during trading on Thursday, hitting $25.85. The stock had a trading volume of 3,651,693 shares, compared to its average volume of 3,735,241. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03. The stock has a 50 day simple moving average of $28.02 and a 200 day simple moving average of $29.55. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 47.00, a P/E/G ratio of 4.74 and a beta of 1.25. 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 (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 during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. Weyerhaeuser's payout ratio is presently 168.00%.

Analyst Ratings Changes

Several research firms recently weighed in on WY. Truist Financial reduced their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

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.