Addison Advisors LLC Sells 1,812 Shares of Weyerhaeuser (NYSE:WY)

Addison Advisors LLC trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 61.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147 shares of the real estate investment trust’s stock after selling 1,812 shares during the quarter. Addison Advisors LLC’s holdings in Weyerhaeuser were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in Weyerhaeuser by 6,118.3% in the third quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock worth $6,641,000 after purchasing an additional 192,971 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. Assenagon Asset Management S.A. now owns 96,094 shares of the real estate investment trust’s stock valued at $3,254,000 after acquiring an additional 2,343 shares in the last quarter. Dakota Wealth Management increased its holdings in shares of Weyerhaeuser by 4.3% during the third quarter. Dakota Wealth Management now owns 14,881 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 617 shares in the last quarter. Ballentine Partners LLC bought a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $204,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Weyerhaeuser by 30.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,384 shares of the real estate investment trust’s stock valued at $1,937,000 after acquiring an additional 13,411 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.8 %

Shares of WY stock opened at $30.21 on Wednesday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The business has a 50-day moving average of $29.28 and a 200 day moving average of $30.79. The stock has a market capitalization of $21.92 billion, a PE ratio of 54.92, a P/E/G ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last announced its 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%. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.78%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. CIBC raised 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. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. 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. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Three research 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 data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average 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.