Nisa Investment Advisors LLC Reduces Stock Position in Weyerhaeuser (NYSE:WY)

Nisa Investment Advisors LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 15.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 511,827 shares of the real estate investment trust's stock after selling 95,214 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Weyerhaeuser worth $17,796,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WY. Norges Bank bought a new position in Weyerhaeuser during the fourth quarter valued at about $485,095,000. Wellington Management Group LLP increased its stake in Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust's stock valued at $591,717,000 after acquiring an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. increased its stake in Weyerhaeuser by 376.3% during the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust's stock valued at $63,418,000 after acquiring an additional 1,634,125 shares during the period. BlackRock Inc. grew its stake in shares of Weyerhaeuser by 2.5% in the 1st quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust's stock valued at $1,819,535,000 after purchasing an additional 1,484,895 shares during the period. Finally, FMR LLC grew its stake in shares of Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust's stock valued at $97,166,000 after purchasing an additional 1,242,972 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the firm's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company's stock, valued at $195,347.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. StockNews.com downgraded Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. Truist Financial reissued a "hold" rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a "neutral" rating in a report on Wednesday, March 13th. Finally, BMO Capital Markets upped their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.00.

Weyerhaeuser Stock Up 1.8 %

WY stock traded up $0.61 during trading hours on Tuesday, reaching $35.03. 2,321,102 shares of the stock were exchanged, compared to its average volume of 3,483,288. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 29.93 and a beta of 1.43. The firm's 50-day moving average is $34.15 and its 200-day moving average is $32.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. Weyerhaeuser's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. On average, equities research analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.20 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 69.57%.

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.