Weyerhaeuser (NYSE:WY) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,637 shares of the real estate investment trust’s stock after selling 897 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Weyerhaeuser were worth $581,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WY. Truist Financial Corp raised its position in Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after acquiring an additional 1,373 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Weyerhaeuser by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust’s stock worth $3,128,000 after purchasing an additional 4,733 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Weyerhaeuser by 9.0% in the 4th quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust’s stock valued at $101,439,000 after purchasing an additional 299,020 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Weyerhaeuser by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust’s stock valued at $563,000 after purchasing an additional 1,216 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $365,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $29.20 on Thursday. The stock has a market capitalization of $21.21 billion, a P/E ratio of 53.08, a P/E/G ratio of 4.68 and a beta of 1.42. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm’s 50-day moving average is $29.31 and its two-hundred day moving average is $30.84.

Weyerhaeuser (NYSE:WY) last released 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 net margin of 5.56% and a return on equity of 3.86%. Equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.88%. Weyerhaeuser’s dividend payout ratio is 145.46%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial dropped 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. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. 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. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.