Price T Rowe Associates Inc. MD Sells 563,997 Shares of Weyerhaeuser (NYSE:WY)

Price T Rowe Associates Inc. MD lowered its stake in Weyerhaeuser (NYSE:WY - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,381,278 shares of the real estate investment trust's stock after selling 563,997 shares during the period. Price T Rowe Associates Inc. MD owned approximately 5.70% of Weyerhaeuser worth $1,164,885,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WY. Assetmark Inc. grew its position in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter valued at approximately $36,000. TD Waterhouse Canada Inc. boosted its position in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 807 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $44,000. Finally, Graney & King LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at $44,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 0.3 %

WY stock traded up $0.07 during midday trading on Tuesday, reaching $25.64. The stock had a trading volume of 1,296,262 shares, compared to its average volume of 3,717,213. The business has a fifty day simple moving average of $28.18 and a two-hundred day simple moving average of $29.60. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 4.74 and a beta of 1.25. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. As a group, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on WY shares. CIBC cut their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Citigroup dropped their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial dropped their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Three investment 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 stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.

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.