Cullen Investment Group LTD. Acquires Shares of 53,011 Weyerhaeuser (NYSE:WY)

Cullen Investment Group LTD. purchased 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 and Exchange Commission. The institutional investor purchased 53,011 shares of the real estate investment trust's stock, valued at approximately $1,843,000.

A number of other large investors also recently made changes to their positions in WY. Fairfield Bush & CO. purchased a new position in shares of Weyerhaeuser in the 1st quarter worth $52,000. Cibc World Market Inc. purchased a new position in Weyerhaeuser in the first quarter valued at about $1,440,000. Dimensional Fund Advisors LP raised its position in Weyerhaeuser by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust's stock valued at $15,730,000 after purchasing an additional 5,984 shares during the period. Candriam Luxembourg S.C.A. raised its position in Weyerhaeuser by 2.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust's stock valued at $1,570,000 after purchasing an additional 1,159 shares during the period. Finally, Loomis Sayles & Co. L P raised its position in Weyerhaeuser by 10.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 596 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE WY traded down $0.55 during trading hours on Monday, reaching $32.69. The company's stock had a trading volume of 2,807,148 shares, compared to its average volume of 3,459,258. The business has a 50-day simple moving average of $34.22 and a 200 day simple moving average of $32.64. The stock has a market cap of $23.85 billion, a PE ratio of 28.90 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for 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%. The business's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities research analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Thursday, March 7th. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.19. Weyerhaeuser's payout ratio is 69.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, March 22nd. Truist Financial reiterated a "hold" rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. StockNews.com downgraded Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Finally, 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $38.00.

Insider Buying and Selling

In related news, CFO David M. Wold sold 924 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO David M. Wold sold 924 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business'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 value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 over the last quarter. Corporate insiders own 0.30% of the company's stock.

Weyerhaeuser Company 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.