Weyerhaeuser (NYSE:WY) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 10.9% in the fourth quarter, Holdings Channel reports. The firm owned 18,568 shares of the real estate investment trust’s stock after selling 2,269 shares during the period. Moran Wealth Management LLC’s holdings in Weyerhaeuser were worth $523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Trust Co increased its stake in Weyerhaeuser by 0.6% during the 3rd quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Weyerhaeuser by 2.4% during the fourth 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 increased its position in shares of 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 acquiring an additional 367 shares during the period. GAMMA Investing LLC raised its stake in Weyerhaeuser by 3.7% in the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 448 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Weyerhaeuser by 9.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 448 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 1.1 %

Shares of WY opened at $29.26 on Thursday. The firm has a market cap of $21.23 billion, a P/E ratio of 53.19, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s 50 day moving average is $29.79 and its two-hundred day moving average is $30.79. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is 152.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WY. Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.