Beacon Investment Advisors LLC Sells 901 Shares of Weyerhaeuser (NYSE:WY)

Beacon Investment Advisors LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 18,717 shares of the real estate investment trust’s stock after selling 901 shares during the quarter. Beacon Investment Advisors LLC’s holdings in Weyerhaeuser were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WY. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $36,000. TD Waterhouse Canada Inc. grew its holdings in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 807 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter worth $44,000. Finally, Graney & King LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $44,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WY shares. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 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. 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 Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Weyerhaeuser Stock Up 0.8 %

Shares of NYSE:WY opened at $25.78 on Monday. The firm has a market cap of $18.72 billion, a P/E ratio of 46.88, a PEG ratio of 4.74 and a beta of 1.25. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The business’s 50 day simple moving average is $28.70 and its two-hundred day simple moving average is $29.93. 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 (NYSE:WY) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 3.26%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.