Harbor Advisory Corp MA Sells 4,605 Shares of Weyerhaeuser (NYSE:WY)

Harbor Advisory Corp MA lowered its holdings in Weyerhaeuser (NYSE:WY) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,715 shares of the real estate investment trust’s stock after selling 4,605 shares during the period. Harbor Advisory Corp MA’s holdings in Weyerhaeuser were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of WY. Newbridge Financial Services Group Inc. bought a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $57,000. Empowered Funds LLC lifted its holdings in shares of Weyerhaeuser by 3.4% during the 4th quarter. Empowered Funds LLC now owns 44,551 shares of the real estate investment trust’s stock worth $1,254,000 after acquiring an additional 1,445 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Weyerhaeuser by 8.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,354 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 593 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Weyerhaeuser by 13.3% during the 4th quarter. Apollon Wealth Management LLC now owns 15,357 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 1,799 shares during the period. Finally, Cidel Asset Management Inc. lifted its holdings in shares of Weyerhaeuser by 9.1% during the 4th quarter. Cidel Asset Management Inc. now owns 7,647 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 637 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.4 %

Shares of NYSE WY opened at $30.00 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a 50 day moving average price of $29.50 and a two-hundred day moving average price of $30.92. The stock has a market cap of $21.79 billion, a P/E ratio of 54.54, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) 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, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities analysts forecast that Weyerhaeuser will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on WY shares. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, December 23rd. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial lowered 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 shares of 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 analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser 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.