Weyerhaeuser (NYSE:WY) Holdings Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in Weyerhaeuser (NYSE:WY) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,085 shares of the real estate investment trust’s stock after selling 14,046 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Weyerhaeuser were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WY. Cary Street Partners Investment Advisory LLC grew its stake in Weyerhaeuser by 15.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 875 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Weyerhaeuser by 5.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after buying an additional 8,031 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Weyerhaeuser by 18.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after buying an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in Weyerhaeuser during the 4th quarter worth $36,237,000. Finally, Public Employees Retirement System of Ohio grew its stake in Weyerhaeuser by 21.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after buying an additional 96,900 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 2.2 %

Shares of Weyerhaeuser stock opened at $31.97 on Wednesday. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 27.80 and a beta of 1.43. The business has a fifty day simple moving average of $34.21 and a 200-day simple moving average of $32.66. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the business posted $0.24 earnings per share. Weyerhaeuser’s revenue was down 2.7% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Insider Activity

In related news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 over the last three months. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reissued a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $38.00.

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.