Confluence Investment Management LLC Sells 47,148 Shares of Weyerhaeuser (NYSE:WY)

Confluence Investment Management LLC decreased its position in shares of Weyerhaeuser (NYSE:WY) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,004,292 shares of the real estate investment trust’s stock after selling 47,148 shares during the quarter. Confluence Investment Management LLC’s holdings in Weyerhaeuser were worth $56,421,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WY. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after purchasing an additional 4,035,048 shares during the period. State Street Corp lifted its stake in Weyerhaeuser by 2.5% in the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares during the last quarter. Geode Capital Management LLC grew its position in Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after acquiring an additional 217,510 shares during the last quarter. Legal & General Group Plc raised its holdings in Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after buying an additional 503,059 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Weyerhaeuser by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after acquiring an additional 454,095 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on WY. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Finally, Truist Financial raised their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.71.

Weyerhaeuser Trading Down 0.3 %

Shares of NYSE WY traded down $0.08 during trading hours on Thursday, hitting $28.07. 483,831 shares of the company traded hands, compared to its average volume of 3,600,877. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 37.93 and a beta of 1.40. The company’s 50 day moving average price is $30.55 and its 200 day moving average price is $30.75. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business’s revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, equities research analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid 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 dividend yield of 2.85%. Weyerhaeuser’s dividend payout ratio is 108.11%.

Weyerhaeuser 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.