Mediolanum International Funds Ltd Sells 147,664 Shares of Weyerhaeuser (NYSE:WY)

Mediolanum International Funds Ltd trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 36.0% in the 4th quarter, according to its most recent disclosure with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Weyerhaeuser by 257.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after purchasing an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Weyerhaeuser by 2,664.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock worth $74,355,000 after acquiring an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Weyerhaeuser during the third quarter valued at $40,773,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of several research reports. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Price Performance

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

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

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.61%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 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.