Weyerhaeuser (NYSE:WY) Shares Sold by Cullen Investment Group LTD.

Cullen Investment Group LTD. cut its position in shares of Weyerhaeuser (NYSE:WY) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,639 shares of the real estate investment trust’s stock after selling 815 shares during the quarter. Cullen Investment Group LTD.’s holdings in Weyerhaeuser were worth $1,369,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the last quarter. State Street Corp increased its position in Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after buying an additional 761,757 shares during the last quarter. Geode Capital Management LLC raised its holdings in Weyerhaeuser by 1.1% during the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after buying an additional 217,510 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Weyerhaeuser by 4.6% in the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after buying an additional 503,059 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after acquiring an additional 454,095 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of WY stock opened at $28.64 on Tuesday. The firm’s 50 day moving average is $29.98 and its 200-day moving average is $30.72. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 38.70 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. Sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.79%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WY. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.57.

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.