Weyerhaeuser (NYSE:WY) Shares Acquired by GeoWealth Management LLC

GeoWealth Management LLC increased its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 141.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,038 shares of the real estate investment trust's stock after purchasing an additional 13,501 shares during the period. GeoWealth Management LLC's holdings in Weyerhaeuser were worth $649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WY. Assetmark Inc. grew its stake in shares of Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Weyerhaeuser in the 4th quarter worth approximately $36,000. Lee Danner & Bass Inc. bought a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $44,000. Graney & King LLC purchased a new stake in Weyerhaeuser during the 4th quarter valued at $44,000. 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 worth $47,000 after buying an additional 486 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on WY. Citigroup reduced their price objective 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. CIBC reduced their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Truist Financial lowered their price target on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday. Finally, StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. Three equities research 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Stock Down 2.6 %

WY stock traded down $0.67 on Friday, hitting $24.83. 4,584,315 shares of the company's stock were exchanged, compared to its average volume of 3,710,083. 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 has a market cap of $18.02 billion, a P/E ratio of 45.15, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. The firm has a 50 day moving average price of $28.25 and a two-hundred day moving average price of $29.70. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, equities research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.38%. Weyerhaeuser's payout ratio is currently 152.73%.

Weyerhaeuser 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.