Burns Matteson Capital Management LLC Cuts Position in Weyerhaeuser (NYSE:WY)

Burns Matteson Capital Management LLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,627 shares of the real estate investment trust's stock after selling 11,116 shares during the quarter. Weyerhaeuser comprises about 1.4% of Burns Matteson Capital Management LLC's portfolio, making the stock its 17th biggest holding. Burns Matteson Capital Management LLC's holdings in Weyerhaeuser were worth $2,805,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 719 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the third quarter valued at about $45,000. Finally, AdvisorNet Financial Inc lifted its position in Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 0.3 %

Shares of WY traded up $0.10 during mid-day trading on Thursday, hitting $29.69. 2,324,487 shares of the company's stock were exchanged, compared to its average volume of 3,503,955. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 53.98, a P/E/G ratio of 4.69 and a beta of 1.42. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock's 50-day moving average is $29.43 and its 200-day moving average is $30.90.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.83%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio is presently 145.46%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WY. Truist Financial decreased their target price 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. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price on the stock in a research report on Wednesday, January 15th. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. 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 research report on Monday, December 23rd. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

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.