Geode Capital Management LLC Purchases 225,227 Shares of Weyerhaeuser Company $WY

Geode Capital Management LLC grew its position in Weyerhaeuser Company (NYSE:WY) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,299,110 shares of the real estate investment trust’s stock after purchasing an additional 225,227 shares during the period. Geode Capital Management LLC’s holdings in Weyerhaeuser were worth $479,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 6.3% during the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after acquiring an additional 2,343,724 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 166.1% during the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after acquiring an additional 23,485,504 shares in the last quarter. State Street Corp raised its holdings in Weyerhaeuser by 1.9% during the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock worth $804,897,000 after acquiring an additional 602,901 shares in the last quarter. Legal & General Group Plc raised its holdings in Weyerhaeuser by 11.5% during the fourth quarter. Legal & General Group Plc now owns 12,687,836 shares of the real estate investment trust’s stock worth $300,575,000 after acquiring an additional 1,305,177 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Weyerhaeuser by 12.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,717,085 shares of the real estate investment trust’s stock worth $278,867,000 after acquiring an additional 1,254,057 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Truist Financial dropped their target price on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Citigroup dropped their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $24.53 on Monday. The business’s 50 day moving average price is $24.06 and its two-hundred day moving average price is $24.23. The company has a market cap of $17.69 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.89. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, analysts predict that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.