Weyerhaeuser (NYSE:WY) Stock Holdings Lifted by Truist Financial Corp

Truist Financial Corp lifted its position in Weyerhaeuser (NYSE:WY) by 2.8% in the 4th quarter, Holdings Channel reports. The fund owned 50,889 shares of the real estate investment trust’s stock after buying an additional 1,373 shares during the period. Truist Financial Corp’s holdings in Weyerhaeuser were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Wellington Management Group LLP raised its position in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. State Street Corp increased its stake in shares of Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after purchasing an additional 217,510 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Weyerhaeuser by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock valued at $247,793,000 after purchasing an additional 249,257 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after purchasing an additional 454,095 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on WY shares. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned 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 $35.00.

Weyerhaeuser Stock Up 0.8 %

Shares of WY stock opened at $30.06 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $29.37 and a 200-day moving average of $30.78. The company has a market capitalization of $21.81 billion, a price-to-earnings ratio of 54.66, a P/E/G ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s payout ratio is 152.73%.

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.