Natixis Sells 130,352 Shares of Weyerhaeuser (NYSE:WY)

Natixis lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,369 shares of the real estate investment trust’s stock after selling 130,352 shares during the period. Natixis’ holdings in Weyerhaeuser were worth $7,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WY. Assetmark Inc. lifted its stake in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $36,000. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser in the 4th quarter valued at $44,000. Graney & King LLC acquired a new position in Weyerhaeuser in the 4th quarter worth $44,000. Finally, AdvisorNet Financial Inc boosted its stake in Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 486 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $25.78 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $18.72 billion, a P/E ratio of 46.88, a P/E/G ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a 50 day moving average of $28.70 and a 200-day moving average of $29.93.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, Truist Financial reduced their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.50.

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.