Weyerhaeuser (NYSE:WY) Stake Lifted by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its stake in Weyerhaeuser (NYSE:WY) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,549 shares of the real estate investment trust’s stock after buying an additional 981 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Weyerhaeuser were worth $691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 12.7% in the third 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 purchasing an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Weyerhaeuser by 257.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock valued at $151,437,000 after acquiring an additional 3,220,235 shares during the period. Daiwa Securities Group Inc. raised its stake in Weyerhaeuser by 2,664.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after acquiring an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 valued at $291,306,000 after acquiring an additional 2,004,073 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Weyerhaeuser by 512.3% during the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after acquiring an additional 1,308,125 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WY. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Truist Financial reduced their price target 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. Finally, Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average price target of $35.57.

Weyerhaeuser Stock Performance

Shares of WY opened at $28.97 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm’s 50 day moving average is $29.92 and its 200-day moving average is $30.73. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market capitalization of $21.05 billion, a P/E ratio of 39.15 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

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.