Wellington Management Group LLP Cuts Stake in Weyerhaeuser (NYSE:WY)

Wellington Management Group LLP lessened its holdings in Weyerhaeuser (NYSE:WY) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,572,320 shares of the real estate investment trust’s stock after selling 183,545 shares during the period. Wellington Management Group LLP owned approximately 4.90% of Weyerhaeuser worth $1,001,361,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Townsquare Capital LLC acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $297,000. Public Sector Pension Investment Board increased its stake in Weyerhaeuser by 25.0% in the third quarter. Public Sector Pension Investment Board now owns 126,566 shares of the real estate investment trust’s stock valued at $4,286,000 after purchasing an additional 25,308 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Weyerhaeuser by 13.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust’s stock worth $2,853,000 after buying an additional 10,095 shares during the last quarter. Erste Asset Management GmbH purchased a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $1,282,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Weyerhaeuser by 2,452.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,091 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 13,539 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $29.27 on Tuesday. The stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of 53.22, a PEG ratio of 4.74 and a beta of 1.43. The business’s 50 day moving average is $30.00 and its two-hundred day moving average is $30.69. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.10. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WY. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Citigroup reduced their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Three equities 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.