Beach Investment Counsel Inc. PA Has $3.56 Million Holdings in Weyerhaeuser (NYSE:WY)

Beach Investment Counsel Inc. PA reduced its holdings in Weyerhaeuser (NYSE:WY) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,450 shares of the real estate investment trust’s stock after selling 25,865 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Weyerhaeuser were worth $3,560,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 12.7% in the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after buying an additional 4,035,048 shares in the last quarter. State Street Corp increased its holdings in Weyerhaeuser by 2.5% during the 3rd quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after purchasing an additional 761,757 shares in the last quarter. Geode Capital Management LLC increased its holdings in Weyerhaeuser by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after purchasing an additional 217,510 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after purchasing an additional 454,095 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after purchasing an additional 2,004,073 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on WY shares. 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Monday. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Down 1.7 %

Shares of NYSE:WY opened at $30.22 on Tuesday. The company has a 50-day simple moving average of $29.72 and a 200 day simple moving average of $30.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market capitalization of $21.96 billion, a P/E ratio of 54.84 and a beta of 1.42. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 net margin of 5.56% and a return on equity of 3.86%. Sell-side analysts forecast that Weyerhaeuser will post 0.84 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.65%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 145.46%.

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.