JPMorgan Chase & Co. lowered its stake in Weyerhaeuser (NYSE:WY - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,491,792 shares of the real estate investment trust's stock after selling 2,692,389 shares during the quarter. JPMorgan Chase & Co. owned about 1.58% of Weyerhaeuser worth $323,494,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Weyerhaeuser in the 4th quarter worth $36,000. Lee Danner & Bass Inc. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth about $44,000. Graney & King LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $44,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 486 shares during the last quarter. Institutional investors own 82.99% of the company's stock.
Weyerhaeuser Stock Down 5.1 %
Shares of WY traded down $1.50 during midday trading on Thursday, reaching $27.98. 2,181,785 shares of the stock were exchanged, compared to its average volume of 3,625,208. The company has a market capitalization of $20.31 billion, a P/E ratio of 50.87, a PEG ratio of 4.74 and a beta of 1.43. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $35.30. The company's 50 day moving average is $29.97 and its two-hundred day moving average is $30.66.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results 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 net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.
Weyerhaeuser Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 3.00%. Weyerhaeuser's payout ratio is 152.73%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on WY shares. Cibc World Mkts raised Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a report on Monday, December 23rd. 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 research report on Wednesday, January 15th. Finally, Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Three equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Check Out Our Latest Research Report on WY
Weyerhaeuser Company Profile
(
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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