Gulf International Bank UK Ltd Sells 499 Shares of Weyerhaeuser (NYSE:WY)

Gulf International Bank UK Ltd cut its position in Weyerhaeuser (NYSE:WY) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,251 shares of the real estate investment trust’s stock after selling 499 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Weyerhaeuser were worth $1,611,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at $36,000. Meeder Asset Management Inc. raised its stake in shares of Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 486 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Weyerhaeuser in the third quarter valued at $50,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at $57,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $30.06 on Friday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The business has a 50-day simple moving average of $29.43 and a 200 day simple moving average of $30.78. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.79%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

Analysts Set New Price Targets

Several brokerages have issued reports on WY. Truist Financial lowered their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $35.00.

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.