Bank of Montreal Can decreased its position in Weyerhaeuser (NYSE:WY - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 822,696 shares of the real estate investment trust's stock after selling 148,021 shares during the period. Bank of Montreal Can owned about 0.11% of Weyerhaeuser worth $23,159,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. bought a new stake in Weyerhaeuser during the fourth quarter worth about $44,000. Graney & King LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $44,000. Finally, AdvisorNet Financial Inc boosted its position in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.
Wall Street Analysts Forecast Growth
WY has been the topic of several recent analyst reports. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price target on the stock. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Truist Financial dropped 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. Citigroup dropped their price objective 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. Finally, CIBC upgraded shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average target price of $34.50.
Check Out Our Latest Research Report on WY
Weyerhaeuser Stock Performance
Shares of NYSE WY traded down $0.29 during midday trading on Tuesday, reaching $25.83. The company's stock had a trading volume of 3,121,552 shares, compared to its average volume of 3,694,587. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The stock has a market capitalization of $18.75 billion, a P/E ratio of 46.97, a PEG ratio of 4.74 and a beta of 1.25. The firm has a 50 day moving average price of $29.06 and a 200-day moving average price of $30.15. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.
Weyerhaeuser Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.25%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.
Weyerhaeuser Company Profile
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Free Report)
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.
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