Mufg Securities Americas Inc. acquired a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,727 shares of the real estate investment trust's stock, valued at approximately $302,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. South Plains Financial Inc. acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $25,000. Assetmark Inc. increased its holdings in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 922 shares during the period. Asset Planning Inc purchased a new position in Weyerhaeuser in the 4th quarter valued at $36,000. TD Waterhouse Canada Inc. grew its position in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in Weyerhaeuser in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 82.99% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. CIBC lowered their price objective 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. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Truist Financial decreased their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Three equities research 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's stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.
Read Our Latest Report on Weyerhaeuser
Weyerhaeuser Trading Down 1.1%
WY traded down $0.30 on Tuesday, reaching $26.20. 2,871,662 shares of the company's stock were exchanged, compared to its average volume of 3,734,352. 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 twelve month low of $24.10 and a twelve month high of $34.03. The company's 50 day moving average is $26.97 and its 200-day moving average is $28.98. The company has a market cap of $19.00 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 4.74 and a beta of 1.15.
Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.16 earnings per share. Weyerhaeuser's revenue for the quarter was down 4.9% on a year-over-year basis. Equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.
Weyerhaeuser Dividend Announcement
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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.
Weyerhaeuser declared that its board has approved a stock buyback plan on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Weyerhaeuser Company Profile
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Free Report)
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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