Accordant Advisory Group Inc Has $2.30 Million Stake in Weyerhaeuser (NYSE:WY)

Accordant Advisory Group Inc reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,511 shares of the real estate investment trust’s stock after selling 2,310 shares during the period. Weyerhaeuser comprises about 2.2% of Accordant Advisory Group Inc’s investment portfolio, making the stock its 14th biggest position. Accordant Advisory Group Inc’s holdings in Weyerhaeuser were worth $2,295,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fiduciary Trust Co increased its position in Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after acquiring an additional 331 shares during the period. Wedmont Private Capital raised its holdings in Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 350 shares during the last quarter. HB Wealth Management LLC raised its holdings in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Weyerhaeuser by 2.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the last quarter. Finally, CWM LLC raised its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WY has been the subject of several analyst reports. CIBC upgraded shares of 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. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup cut their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. 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. Finally, Truist Financial cut their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Trading Down 0.3 %

Shares of WY opened at $30.75 on Wednesday. The business’s 50-day moving average price is $29.73 and its 200-day moving average price is $30.89. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock has a market cap of $22.34 billion, a PE ratio of 41.55 and a beta of 1.42. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

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.