Weyerhaeuser Company $WY Shares Sold by National Pension Service

National Pension Service lessened its position in Weyerhaeuser Company (NYSE:WY) by 97.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,077 shares of the real estate investment trust’s stock after selling 1,088,157 shares during the period. National Pension Service’s holdings in Weyerhaeuser were worth $736,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in shares of Weyerhaeuser by 27.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after acquiring an additional 405,575 shares during the period. Citigroup Inc. increased its holdings in shares of Weyerhaeuser by 68.5% in the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after acquiring an additional 669,451 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Weyerhaeuser by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after acquiring an additional 97,769 shares during the period. Nordea Investment Management AB increased its holdings in shares of Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after acquiring an additional 47,709 shares during the period. Finally, Cambria Investment Management L.P. bought a new position in Weyerhaeuser in the 3rd quarter valued at about $1,265,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial decreased their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.74 on Tuesday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average of $24.08 and a 200-day moving average of $24.24. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $0.11 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.