Cerity Partners LLC Sells 13,116 Shares of Weyerhaeuser (NYSE:WY)

Cerity Partners LLC reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,205 shares of the real estate investment trust's stock after selling 13,116 shares during the quarter. Cerity Partners LLC's holdings in Weyerhaeuser were worth $4,186,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Quantinno Capital Management LP lifted its holdings in Weyerhaeuser by 17.7% during the 3rd quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust's stock worth $576,000 after buying an additional 2,563 shares in the last quarter. MML Investors Services LLC boosted its holdings in Weyerhaeuser by 7.9% in the third quarter. MML Investors Services LLC now owns 76,897 shares of the real estate investment trust's stock valued at $2,604,000 after acquiring an additional 5,632 shares during the last quarter. Barclays PLC increased its position in Weyerhaeuser by 9.6% in the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust's stock worth $59,406,000 after purchasing an additional 153,919 shares during the period. TD Private Client Wealth LLC raised its holdings in Weyerhaeuser by 52.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,752 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in shares of Weyerhaeuser by 6.3% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 44,481 shares of the real estate investment trust's stock valued at $1,506,000 after purchasing an additional 2,655 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Weyerhaeuser Stock Down 0.9 %

Shares of WY traded down $0.24 during trading hours on Wednesday, reaching $25.61. The stock had a trading volume of 3,956,604 shares, compared to its average volume of 3,699,145. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 46.56, a P/E/G ratio of 4.74 and a beta of 1.25. The firm has a 50-day simple moving average of $28.96 and a 200 day simple moving average of $30.12. 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 12 month low of $24.10 and a 12 month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced 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 return on equity of 3.86% and a net margin of 5.56%. Equities research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's dividend payout ratio (DPR) is presently 152.73%.

Analysts Set New Price Targets

WY has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. CIBC upgraded 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 lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Finally, 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 research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

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.