Weyerhaeuser (NYSE:WY) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 244,606 shares of the real estate investment trust’s stock after selling 1,689 shares during the quarter. D.A. Davidson & CO.’s holdings in Weyerhaeuser were worth $6,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning grew its holdings in Weyerhaeuser by 22.4% in the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after buying an additional 13,572 shares in the last quarter. Blue Trust Inc. grew its holdings in Weyerhaeuser by 36.9% in the 3rd quarter. Blue Trust Inc. now owns 13,429 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 3,618 shares in the last quarter. Raymond James & Associates grew its holdings in Weyerhaeuser by 14.3% in the 3rd quarter. Raymond James & Associates now owns 821,837 shares of the real estate investment trust’s stock worth $27,827,000 after buying an additional 103,023 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 3rd quarter worth approximately $45,000. Finally, Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter worth approximately $25,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

WY opened at $29.20 on Thursday. The firm has a market cap of $21.21 billion, a PE ratio of 53.08, a P/E/G ratio of 4.68 and a beta of 1.42. 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 business has a fifty day simple moving average of $29.31 and a 200-day simple moving average of $30.84. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data 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 return on equity of 3.86% and a net margin of 5.56%. As a group, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.88%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 145.46%.

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.