California State Teachers Retirement System Sells 206,996 Shares of Weyerhaeuser (NYSE:WY)

California State Teachers Retirement System decreased its position in shares of Weyerhaeuser (NYSE:WY) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 919,256 shares of the real estate investment trust’s stock after selling 206,996 shares during the period. California State Teachers Retirement System owned 0.13% of Weyerhaeuser worth $25,877,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Weyerhaeuser by 9.6% in the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust’s stock worth $59,406,000 after acquiring an additional 153,919 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Weyerhaeuser by 33.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust’s stock worth $1,203,000 after purchasing an additional 10,601 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Weyerhaeuser by 13.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,790 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 922 shares during the period. Blue Trust Inc. increased its holdings in shares of Weyerhaeuser by 11.3% during the 4th quarter. Blue Trust Inc. now owns 14,943 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 1,514 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of Weyerhaeuser by 10.9% during the fourth quarter. Pacer Advisors Inc. now owns 60,643 shares of the real estate investment trust’s stock valued at $1,707,000 after buying an additional 5,948 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $26.04 on Friday. The firm has a market capitalization of $18.89 billion, a P/E ratio of 47.35, a P/E/G ratio of 4.74 and a beta of 1.15. The stock has a fifty day moving average price of $26.33 and a two-hundred day moving average price of $28.68. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. As a group, analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Friday, May 30th. Weyerhaeuser’s payout ratio is presently 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent research reports. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $33.75.

Weyerhaeuser Company 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.