Tidal Investments LLC raised its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,165 shares of the real estate investment trust's stock after acquiring an additional 22,178 shares during the quarter. Tidal Investments LLC's holdings in Weyerhaeuser were worth $8,741,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Trust Co raised its holdings in Weyerhaeuser by 0.6% in the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust's stock valued at $1,801,000 after acquiring an additional 331 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 350 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust's stock worth $475,000 after buying an additional 366 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Weyerhaeuser by 2.5% during the third 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. Finally, CWM LLC boosted its stake in Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after buying an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. BMO Capital Markets upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price target on the stock in a report on Friday, December 6th. Truist Financial lifted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $36.33.
View Our Latest Report on WY
Weyerhaeuser Trading Down 1.3 %
Shares of Weyerhaeuser stock traded down $0.40 on Friday, reaching $30.00. The company had a trading volume of 2,057,429 shares, compared to its average volume of 3,582,906. The firm's 50 day moving average price is $31.78 and its two-hundred day moving average price is $30.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market cap of $21.80 billion, a PE ratio of 41.08 and a beta of 1.40.
Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results 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 return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm's revenue was down 13.3% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.
Weyerhaeuser Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's dividend payout ratio is currently 108.11%.
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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