108,295 Shares in Weyerhaeuser (NYSE:WY) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 108,295 shares of the real estate investment trust's stock, valued at approximately $3,049,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Weyerhaeuser in the 4th quarter valued at approximately $638,470,000. Cohen & Steers Inc. lifted its holdings in 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 valued at $1,095,726,000 after purchasing an additional 14,213,243 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Weyerhaeuser by 122.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust's stock worth $137,417,000 after purchasing an additional 2,685,634 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Weyerhaeuser by 43.6% during the fourth quarter. Deutsche Bank AG now owns 4,196,790 shares of the real estate investment trust's stock worth $118,140,000 after purchasing an additional 1,273,217 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $27,332,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

WY traded down $0.23 during trading on Monday, hitting $26.49. The company's stock had a trading volume of 2,550,677 shares, compared to its average volume of 3,740,908. The firm has a market cap of $19.21 billion, a PE ratio of 48.16, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business's 50 day simple moving average is $27.03 and its 200-day simple moving average is $29.01. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The company's revenue was down 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its board has approved a share repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WY shares. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. CIBC dropped their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Truist Financial cut their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently 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.