Vicus Capital Sells 617 Shares of Weyerhaeuser (NYSE:WY)

Vicus Capital decreased its holdings in Weyerhaeuser (NYSE:WY) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,158 shares of the real estate investment trust’s stock after selling 617 shares during the period. Vicus Capital’s holdings in Weyerhaeuser were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the third quarter worth $25,000. Meeder Asset Management Inc. increased its position in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 719 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser during the third quarter worth $45,000. AdvisorNet Financial Inc grew its holdings in shares of 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 buying an additional 486 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Weyerhaeuser during the third quarter valued at $50,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WY shares. Truist Financial lowered 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Citigroup decreased their price objective 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. Finally, Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Down 0.3 %

WY opened at $29.60 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $29.41 and a 200 day moving average price of $30.89. The company has a market cap of $21.51 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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 expect that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. Weyerhaeuser’s dividend payout ratio is presently 145.46%.

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.