Weyerhaeuser (NYSE:WY) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its position in Weyerhaeuser (NYSE:WY) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,247 shares of the real estate investment trust’s stock after selling 17,726 shares during the period. Crestwood Advisors Group LLC’s holdings in Weyerhaeuser were worth $2,963,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in WY. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. boosted its position in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 719 shares in the last quarter. AdvisorNet Financial Inc grew 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 worth $47,000 after acquiring an additional 486 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Weyerhaeuser in the third quarter valued at $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 1.0 %

Shares of WY stock opened at $30.00 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm’s 50 day moving average price is $29.26 and its two-hundred day moving average price is $30.80. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. On average, analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, December 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup reduced their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial decreased their price target 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 investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Company 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.