Envestnet Asset Management Inc. Sells 73,201 Shares of Weyerhaeuser (NYSE:WY)

Envestnet Asset Management Inc. lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 502,695 shares of the real estate investment trust's stock after selling 73,201 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Weyerhaeuser worth $14,151,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. HB Wealth Management LLC lifted its holdings in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust's stock worth $423,000 after buying an additional 357 shares during the period. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.6% during the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 419 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust's stock worth $307,000 after acquiring an additional 431 shares during the period. GAMMA Investing LLC lifted its stake in shares of Weyerhaeuser by 3.7% in the fourth quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after acquiring an additional 448 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock valued at $140,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 2.3 %

WY stock traded up $0.57 during trading on Tuesday, reaching $25.26. 2,947,838 shares of the stock were exchanged, compared to its average volume of 3,698,293. The firm's 50 day moving average is $28.52 and its 200 day moving average is $29.84. The firm has a market cap of $18.33 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. 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 has a twelve month low of $24.10 and a twelve month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Truist Financial lowered their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average price target of $33.75.

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.