Weyerhaeuser (NYSE:WY) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System cut its position in shares of Weyerhaeuser (NYSE:WY) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 227,529 shares of the real estate investment trust’s stock after selling 10,300 shares during the quarter. State of Michigan Retirement System’s holdings in Weyerhaeuser were worth $6,405,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Asset Planning Inc acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $36,000. Meeder Asset Management Inc. increased its holdings in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 719 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $50,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $57,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 2.3 %

Shares of WY stock opened at $30.21 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 company has a market cap of $21.92 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The business’s 50 day moving average is $29.64 and its two-hundred day moving average is $30.80.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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 return on equity of 3.86% and a net margin of 5.56%. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.78%. This is a boost 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 is currently 152.73%.

Analyst Ratings Changes

WY has been the topic of a number of research reports. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Friday, December 6th. Truist Financial dropped their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. 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. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser 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.