Sumitomo Mitsui Trust Holdings Inc. Has $63.05 Million Holdings in Weyerhaeuser (NYSE:WY)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,813,247 shares of the real estate investment trust's stock after selling 75,084 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of Weyerhaeuser worth $63,047,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

WY has been the subject of a number of research reports. Truist Financial reissued a "hold" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, March 22nd. Finally, CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of "Hold" and a consensus price target of $38.00.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser 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 directly owns 5,807 shares of the company's stock, valued at $195,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Keith O'rear sold 8,349 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded up $0.12 during trading on Friday, reaching $31.47. The company's stock had a trading volume of 3,955,307 shares, compared to its average volume of 3,453,138. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The business's fifty day moving average price is $34.15 and its 200-day moving average price is $32.65. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 27.41 and a beta of 1.43. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The company's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser's payout ratio is currently 69.57%.

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.