UniSuper Management Pty Ltd Sells 12,479 Shares of Weyerhaeuser (NYSE:WY)

UniSuper Management Pty Ltd cut its holdings in Weyerhaeuser (NYSE:WY) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 304,591 shares of the real estate investment trust’s stock after selling 12,479 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Weyerhaeuser were worth $8,574,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Trust Co raised its position in shares of Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after acquiring an additional 331 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 367 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Weyerhaeuser by 4.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 431 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Weyerhaeuser by 3.7% during the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 448 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Finally, Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Performance

WY opened at $29.60 on Friday. The firm has a fifty day moving average price of $30.04 and a 200 day moving average price of $30.72. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock has a market cap of $21.48 billion, a P/E ratio of 53.82, a P/E/G ratio of 4.74 and a beta of 1.43. 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 posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. Weyerhaeuser’s payout ratio is 152.73%.

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.