Community Financial Services Group LLC Sells 11,245 Shares of Weyerhaeuser (NYSE:WY)

Community Financial Services Group LLC decreased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,153 shares of the real estate investment trust's stock after selling 11,245 shares during the period. Community Financial Services Group LLC's holdings in Weyerhaeuser were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 928 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 719 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Down 0.3 %

Shares of Weyerhaeuser stock traded down $0.10 during trading hours on Friday, reaching $29.60. 2,638,712 shares of the company's stock were exchanged, compared to its average volume of 3,637,051. The company has a 50 day moving average of $29.37 and a two-hundred day moving average of $30.88. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a market cap of $21.51 billion, a P/E ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser's dividend payout ratio is presently 145.46%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WY. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. 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 report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday, December 6th. Finally, Cibc World Mkts raised 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

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.