Mystic Asset Management Inc. purchased a new position in Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,331 shares of the real estate investment trust's stock, valued at approximately $319,000.
A number of other large investors also recently modified their holdings of WY. Cibc World Markets Corp lifted its position in Weyerhaeuser by 12.0% in the 4th quarter. Cibc World Markets Corp now owns 326,048 shares of the real estate investment trust's stock valued at $9,178,000 after purchasing an additional 34,987 shares during the last quarter. American Assets Capital Advisers LLC bought a new stake in Weyerhaeuser in the 4th quarter valued at about $625,000. Envestnet Portfolio Solutions Inc. lifted its position in Weyerhaeuser by 9.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 38,375 shares of the real estate investment trust's stock valued at $1,080,000 after purchasing an additional 3,343 shares during the last quarter. Natixis Advisors LLC lifted its position in Weyerhaeuser by 9.5% in the 4th quarter. Natixis Advisors LLC now owns 175,250 shares of the real estate investment trust's stock valued at $4,933,000 after purchasing an additional 15,263 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Weyerhaeuser by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock valued at $404,299,000 after purchasing an additional 158,800 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. Truist Financial dropped their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. StockNews.com upgraded shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $35.00.
Check Out Our Latest Stock Analysis on WY
Weyerhaeuser Price Performance
Shares of WY traded down $0.94 during mid-day trading on Friday, hitting $29.18. The company's stock had a trading volume of 6,488,077 shares, compared to its average volume of 3,367,651. The firm has a 50-day moving average price of $30.03 and a 200 day moving average price of $30.74. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.
Weyerhaeuser Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.21 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is 152.73%.
Weyerhaeuser Profile
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Free Report)
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.
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