Sumitomo Mitsui Trust Holdings Inc. Has $63.05 Million Stock Position in Weyerhaeuser (NYSE:WY)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Weyerhaeuser (NYSE:WY) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813,247 shares of the real estate investment trust’s stock after selling 75,084 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Weyerhaeuser were worth $63,047,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WY. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $485,095,000. Wellington Management Group LLP raised its position in Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after purchasing an additional 3,573,013 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in Weyerhaeuser by 376.3% during the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after purchasing an additional 1,634,125 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Weyerhaeuser by 2.5% during the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock worth $1,819,535,000 after buying an additional 1,484,895 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Weyerhaeuser by 64.5% during the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after buying an additional 1,242,972 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Weyerhaeuser Stock Performance

NYSE WY opened at $31.35 on Friday. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 27.26 and a beta of 1.43. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The stock has a fifty day simple moving average of $34.15 and a 200 day simple moving average of $32.65. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 over the last three months. Company insiders own 0.27% of the company’s stock.

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.