Mediolanum International Funds Ltd Cuts Position in Weyerhaeuser (NYSE:WY)

Mediolanum International Funds Ltd lessened its stake in Weyerhaeuser (NYSE:WY) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 263,063 shares of the real estate investment trust’s stock after selling 147,664 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Weyerhaeuser were worth $7,319,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Oak Thistle LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $1,214,000. Czech National Bank grew its holdings in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock valued at $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. increased its holdings in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after buying an additional 75,000 shares during the period. Franklin Resources Inc. lifted its position in Weyerhaeuser by 10.2% in the third quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in Weyerhaeuser by 10.5% during the 4th quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock valued at $54,231,000 after buying an additional 181,973 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.64 on Friday. The stock has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $30.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market capitalization of $22.27 billion, a PE ratio of 41.41 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Analysts forecast that Weyerhaeuser will post 0.49 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Ratings Changes

Several equities research analysts have weighed in on WY shares. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James raised 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. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Finally, CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.14.

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.