Integrated Investment Consultants LLC Purchases New Stake in Weyerhaeuser (NYSE:WY)

Integrated Investment Consultants LLC bought a new stake in shares of Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 27,000 shares of the real estate investment trust's stock, valued at approximately $760,000.

A number of other large investors also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the third quarter valued at approximately $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Weyerhaeuser by 4,884.2% in 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. Bangor Savings Bank raised its position in shares of Weyerhaeuser by 140.3% in 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 during the period. Finally, Meeder Asset Management Inc. boosted its stake 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 worth $38,000 after acquiring an additional 719 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on WY. Truist Financial lowered their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. CIBC raised Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target on the stock in a research report on Wednesday. Finally, StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and an average price target of $35.14.

Weyerhaeuser Stock Up 0.7 %

Shares of WY stock traded up $0.21 during trading on Friday, reaching $30.24. The company's stock had a trading volume of 4,302,052 shares, compared to its average volume of 3,100,989. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business has a fifty day moving average price of $29.82 and a 200-day moving average price of $30.76. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.33 EPS. The company's quarterly revenue was down 13.3% on a year-over-year basis. Analysts anticipate that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.65%. The ex-dividend date was Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is currently 108.11%.

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.