Cullen Investment Group LTD. Cuts Stock Position in Weyerhaeuser (NYSE:WY)

Cullen Investment Group LTD. trimmed its holdings in Weyerhaeuser (NYSE:WY) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,639 shares of the real estate investment trust’s stock after selling 815 shares during the period. Cullen Investment Group LTD.’s holdings in Weyerhaeuser were worth $1,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Inspire Trust Co. N.A. increased its stake in Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Weyerhaeuser by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after buying an additional 67,314 shares in the last quarter. Nordea Investment Management AB increased its stake in Weyerhaeuser by 10.5% during the fourth quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock worth $54,231,000 after acquiring an additional 181,973 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in Weyerhaeuser by 9.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock valued at $10,383,000 after purchasing an additional 25,554 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock valued at $2,875,000 after purchasing an additional 14,911 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Friday, December 6th. Finally, Raymond James raised 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 report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.57.

Weyerhaeuser Price Performance

Shares of WY stock opened at $28.64 on Tuesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $20.81 billion, a PE ratio of 38.70 and a beta of 1.42. The firm’s 50-day moving average is $29.98 and its two-hundred day moving average is $30.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.79%. Weyerhaeuser’s payout ratio is currently 108.11%.

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.