Boston Common Asset Management LLC Decreases Stock Position in Weyerhaeuser (NYSE:WY)

Boston Common Asset Management LLC decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 49.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 307,906 shares of the real estate investment trust's stock after selling 296,707 shares during the quarter. Boston Common Asset Management LLC's holdings in Weyerhaeuser were worth $8,668,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WY. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after purchasing an additional 331 shares in the last quarter. Wedmont Private Capital grew its position in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after buying an additional 350 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 367 shares during the period. CWM LLC boosted its stake in Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after acquiring an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in Weyerhaeuser by 0.9% in the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock worth $1,457,000 after purchasing an additional 402 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WY has been the subject of several research reports. StockNews.com downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Friday. 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. Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday. Truist Financial lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.14.

Weyerhaeuser Stock Up 0.7 %

NYSE:WY traded up $0.21 on Friday, hitting $30.24. The stock had a trading volume of 4,302,052 shares, compared to its average volume of 3,100,989. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm's fifty day simple moving average is $29.82 and its two-hundred day simple moving average is $30.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The stock has a market cap of $21.97 billion, a P/E ratio of 40.86 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.33 earnings per share. Weyerhaeuser's revenue was down 13.3% on a year-over-year basis. Analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.65%. Weyerhaeuser's payout ratio is currently 108.11%.

About Weyerhaeuser

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.