M&G Investment Management Ltd. Has $61.65 Million Stock Position in Weyerhaeuser (NYSE:WY)

M&G Investment Management Ltd. boosted its stake in Weyerhaeuser (NYSE:WY - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,761,552 shares of the real estate investment trust's stock after acquiring an additional 69,151 shares during the period. M&G Investment Management Ltd. owned about 0.24% of Weyerhaeuser worth $61,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WY. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Raleigh Capital Management Inc. grew its position in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after buying an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Weyerhaeuser during the fourth quarter worth about $26,000. Lindbrook Capital LLC grew its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock worth $31,000 after buying an additional 427 shares during the period. Finally, Rational Advisors LLC acquired a new position in Weyerhaeuser during the third quarter worth about $40,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on WY shares. Royal Bank of Canada lowered their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a research report on Monday, April 29th. Truist Financial reaffirmed a "hold" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. Finally, BMO Capital Markets upped their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $37.67.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm's stock in a transaction on Friday, February 23rd. The shares were 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 directly owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Keith O'rear sold 8,349 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

Weyerhaeuser Trading Up 0.5 %

NYSE:WY traded up $0.17 during trading hours on Wednesday, reaching $31.36. 4,725,772 shares of the company were exchanged, compared to its average volume of 3,432,646. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 28.50 and a beta of 1.47. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The stock has a 50 day simple moving average of $33.25 and a 200 day simple moving average of $32.88.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The business's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, May 31st. Weyerhaeuser's payout ratio is 72.73%.

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.