Cullen Frost Bankers Inc. Lowers Holdings in Weyerhaeuser (NYSE:WY)

Cullen Frost Bankers Inc. decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,684 shares of the real estate investment trust's stock after selling 11,318 shares during the period. Cullen Frost Bankers Inc.'s holdings in Weyerhaeuser were worth $1,314,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WY. Arizona State Retirement System grew its position in shares of Weyerhaeuser by 1.1% during the fourth quarter. Arizona State Retirement System now owns 211,250 shares of the real estate investment trust's stock worth $5,947,000 after purchasing an additional 2,388 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Weyerhaeuser during the 4th quarter valued at approximately $314,000. Proficio Capital Partners LLC bought a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $1,693,000. Assetmark Inc. raised its position in shares of Weyerhaeuser by 290.9% during the fourth 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. Finally, Keybank National Association OH lifted its holdings in shares of Weyerhaeuser by 4.0% in the fourth quarter. Keybank National Association OH now owns 62,363 shares of the real estate investment trust's stock worth $1,756,000 after buying an additional 2,387 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

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Weyerhaeuser Trading Down 1.5 %

Shares of NYSE WY traded down $0.46 during trading hours on Tuesday, hitting $29.61. 4,126,555 shares of the company traded hands, compared to its average volume of 3,378,070. The company's 50 day moving average price is $29.74 and its 200 day moving average price is $30.81. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 53.83, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.84%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is presently 152.73%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research reports. Truist Financial reduced their price target 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. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Finally, Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Weyerhaeuser Company Profile

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.