Weyerhaeuser (NYSE:WY) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 15.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,822 shares of the real estate investment trust’s stock after selling 7,989 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Weyerhaeuser were worth $1,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Meeder Asset Management Inc. grew its holdings in Weyerhaeuser by 172.4% in the third 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. Assetmark Inc. lifted its position in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in Weyerhaeuser in the 4th quarter valued at $36,000. AdvisorNet Financial Inc increased its holdings in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Up 1.8 %

Shares of NYSE:WY opened at $30.00 on Tuesday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market cap of $21.76 billion, a P/E ratio of 54.54, a PEG ratio of 4.74 and a beta of 1.43. The business has a fifty day moving average of $29.86 and a two-hundred day moving average of $30.76. 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 (EPS) 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 expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is presently 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.