Weyerhaeuser (NYSE:WY) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in Weyerhaeuser (NYSE:WY) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,650 shares of the real estate investment trust’s stock after selling 863 shares during the quarter. Hartford Investment Management Co.’s holdings in Weyerhaeuser were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. TCV Trust & Wealth Management Inc. boosted its stake in Weyerhaeuser by 37.0% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 8,882 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 2,400 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $57,000. Empowered Funds LLC grew its holdings in shares of Weyerhaeuser by 3.4% during the fourth quarter. Empowered Funds LLC now owns 44,551 shares of the real estate investment trust’s stock worth $1,254,000 after buying an additional 1,445 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Weyerhaeuser by 8.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,354 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 593 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in 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 valued at $432,000 after acquiring an additional 1,799 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 0.3 %

WY stock opened at $29.60 on Friday. 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 company’s 50-day moving average price is $29.41 and its 200 day moving average price is $30.89. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company 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) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 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%. On average, research analysts expect that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

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

Wall Street Analyst Weigh In

WY has been the topic of several analyst reports. Truist Financial lowered 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. 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 note on Wednesday, January 15th. 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 research note 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 target on the stock in a research note on Friday, December 6th. Finally, Cibc World Mkts upgraded 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.