Foresight Group Ltd Liability Partnership Has $2.93 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Foresight Group Ltd Liability Partnership cut its holdings in Weyerhaeuser (NYSE:WY) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,967 shares of the real estate investment trust’s stock after selling 12,709 shares during the quarter. Weyerhaeuser accounts for 1.7% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership’s holdings in Weyerhaeuser were worth $2,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 12.7% in 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 acquiring an additional 4,035,048 shares during the last quarter. State Street Corp lifted its holdings in shares of Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock valued at $1,063,463,000 after purchasing an additional 761,757 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 during the last quarter. Legal & General Group Plc grew its holdings in Weyerhaeuser by 4.6% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after buying an additional 454,095 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Stock Up 1.6 %

WY stock opened at $30.04 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 40.59 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a fifty day moving average of $29.88 and a 200-day moving average of $30.72.

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, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, equities research analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced 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 dividend yield of 2.66%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

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.