Empowered Funds LLC Acquires 1,445 Shares of Weyerhaeuser (NYSE:WY)

Empowered Funds LLC grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,551 shares of the real estate investment trust’s stock after acquiring an additional 1,445 shares during the period. Empowered Funds LLC’s holdings in Weyerhaeuser were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WY. Wellington Management Group LLP raised its position 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 last quarter. State Street Corp increased its stake in shares of 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 valued at $1,063,463,000 after buying an additional 761,757 shares during the period. Geode Capital Management LLC raised its position in shares of Weyerhaeuser by 1.1% during the third 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. Charles Schwab Investment Management Inc. lifted its stake in shares of Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after acquiring an additional 454,095 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after acquiring an additional 2,004,073 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $29.60 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 firm has a fifty day simple moving average of $29.37 and a two-hundred day simple moving average of $30.88. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $21.51 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.84%. Weyerhaeuser’s dividend payout ratio is 152.73%.

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.