Confluence Investment Management LLC Lowers Holdings in Weyerhaeuser (NYSE:WY)

Confluence Investment Management LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,004,292 shares of the real estate investment trust's stock after selling 47,148 shares during the period. Confluence Investment Management LLC owned about 0.28% of Weyerhaeuser worth $56,421,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the second quarter worth approximately $27,000. Bangor Savings Bank boosted its position in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded down $0.16 during mid-day trading on Thursday, reaching $27.99. 3,446,297 shares of the company traded hands, compared to its average volume of 3,600,877. The firm's fifty day moving average is $30.46 and its two-hundred day moving average is $30.73. The company has a market capitalization of $20.34 billion, a price-to-earnings ratio of 37.82 and a beta of 1.40. 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 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the firm earned $0.33 EPS. The firm's revenue was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Monday, December 16th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target for the company in a research report on Monday, December 23rd. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.71.

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.