Beach Investment Counsel Inc. PA Sells 25,865 Shares of Weyerhaeuser (NYSE:WY)

Beach Investment Counsel Inc. PA cut its position in Weyerhaeuser (NYSE:WY - Free Report) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,450 shares of the real estate investment trust's stock after selling 25,865 shares during the quarter. Beach Investment Counsel Inc. PA's holdings in Weyerhaeuser were worth $3,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 928 shares during the period. Bangor Savings Bank increased its holdings in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after buying an additional 651 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of 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 purchasing an additional 719 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WY. Citigroup cut their target price 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. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Finally, CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

WY stock traded down $0.39 during trading on Friday, reaching $30.04. 1,351,456 shares of the company's stock were exchanged, compared to its average volume of 3,597,437. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The firm has a market cap of $21.83 billion, a PE ratio of 54.62 and a beta of 1.42. The company's fifty day moving average price is $29.58 and its 200-day moving average price is $30.92. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, research analysts expect that Weyerhaeuser will post 0.84 EPS for the current fiscal year.

Weyerhaeuser Company 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.