Level Four Advisory Services LLC Sells 906 Shares of Weyerhaeuser (NYSE:WY)

Level Four Advisory Services LLC reduced its stake in Weyerhaeuser (NYSE:WY) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,208 shares of the real estate investment trust’s stock after selling 906 shares during the quarter. Level Four Advisory Services LLC’s holdings in Weyerhaeuser were worth $344,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $36,000. Lee Danner & Bass Inc. purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $44,000. Graney & King LLC bought a new stake in Weyerhaeuser during the 4th quarter worth approximately $44,000. Finally, AdvisorNet Financial Inc lifted its holdings in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

NYSE WY opened at $29.27 on Tuesday. The business’s 50 day moving average price is $30.00 and its 200-day moving average price is $30.69. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.10. The company has a market cap of $21.25 billion, a P/E ratio of 53.22, a P/E/G ratio of 4.74 and a beta of 1.43. 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 announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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 predict that Weyerhaeuser will post 0.78 earnings per share for the current 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. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.87%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

About Weyerhaeuser

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.