Weyerhaeuser (NYSE:WY) Shares Sold by Vicus Capital

Vicus Capital decreased its holdings in Weyerhaeuser (NYSE:WY) by 7.0% in the fourth quarter, Holdings Channel reports. The fund owned 8,158 shares of the real estate investment trust’s stock after selling 617 shares during the period. Vicus Capital’s holdings in Weyerhaeuser were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in WY. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 12.7% in the 3rd 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 buying an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Weyerhaeuser by 2,664.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock worth $74,355,000 after purchasing an additional 2,116,520 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after purchasing an additional 2,004,073 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $40,773,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WY shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Citigroup lowered their price objective 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. Truist Financial decreased their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $29.60 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a 50 day moving average of $29.41 and a two-hundred day moving average of $30.89. The stock has a market capitalization of $21.51 billion, a PE ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42. 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) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts predict that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 145.46%.

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.