Premier Fund Managers Ltd Sells 216,293 Shares of Weyerhaeuser (NYSE:WY)

Premier Fund Managers Ltd trimmed its holdings in Weyerhaeuser (NYSE:WY) by 52.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,449 shares of the real estate investment trust’s stock after selling 216,293 shares during the period. Premier Fund Managers Ltd’s holdings in Weyerhaeuser were worth $5,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the last quarter. State Street Corp raised its position in Weyerhaeuser by 2.5% in the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the period. Norges Bank bought a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $638,470,000. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after buying an additional 217,510 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 1.1% during the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust’s stock valued at $404,299,000 after purchasing an additional 158,800 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WY shares. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, December 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $29.60 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock’s 50-day simple moving average is $30.04 and its 200-day simple moving average is $30.72. The firm has a market capitalization of $21.48 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS 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%. As a group, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s payout ratio is currently 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.