Weyerhaeuser (NYSE:WY) Shares Bought by Hosking Partners LLP

Hosking Partners LLP grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 28.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,958 shares of the real estate investment trust’s stock after purchasing an additional 10,804 shares during the quarter. Hosking Partners LLP’s holdings in Weyerhaeuser were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WY. Oak Thistle LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth about $1,214,000. Sonora Investment Management Group LLC lifted its holdings in shares of Weyerhaeuser by 56.5% during the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock worth $1,458,000 after acquiring an additional 18,698 shares during the period. Czech National Bank boosted its position in shares of Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after acquiring an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after purchasing an additional 75,000 shares during the period. Finally, Franklin Resources Inc. increased its position in Weyerhaeuser by 10.2% during the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on WY. CIBC raised 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. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Truist Financial dropped their target price 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. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock’s 50 day moving average price is $29.37 and its 200 day moving average price is $30.78. The firm has a market capitalization of $21.81 billion, a PE ratio of 54.66, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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, sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders 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 dividend yield of 2.79%. 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 payout ratio is presently 152.73%.

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.