Strategic Financial Concepts LLC purchased a new stake in Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,962 shares of the real estate investment trust's stock, valued at approximately $365,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co increased its position in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock worth $1,801,000 after purchasing an additional 331 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Weyerhaeuser by 2.4% in 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 last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust's stock worth $518,000 after buying an additional 367 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust's stock worth $358,000 after buying an additional 448 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Weyerhaeuser by 9.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust's stock worth $140,000 after buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Weyerhaeuser Price Performance
Shares of NYSE:WY traded down $0.29 on Friday, hitting $29.69. The stock had a trading volume of 4,549,839 shares, compared to its average volume of 3,591,354. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. 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 firm's 50 day moving average price is $29.26 and its 200-day moving average price is $30.82. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 4.62 and a beta of 1.42.
Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results 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, equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current 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 issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, March 7th. Weyerhaeuser's payout ratio is currently 152.73%.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on WY. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective on the stock in a report on Wednesday, January 15th. Truist Financial reduced 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. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Citigroup decreased their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Three research 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 stock. According to data from MarketBeat, Weyerhaeuser has an average rating of "Moderate Buy" and an average target price of $35.00.
View Our Latest Report on WY
About Weyerhaeuser
(
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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