Weyerhaeuser (NYSE:WY) Shares Sold by abrdn plc

abrdn plc reduced its stake in Weyerhaeuser (NYSE:WY) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,123,920 shares of the real estate investment trust’s stock after selling 132,860 shares during the period. abrdn plc’s holdings in Weyerhaeuser were worth $87,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WY. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser in the third quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank boosted its stake in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in 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 acquiring an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $45,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 2.0 %

NYSE:WY opened at $30.15 on Wednesday. The business’s fifty day moving average price is $29.70 and its 200 day moving average price is $30.92. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 54.82 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, sell-side analysts forecast that Weyerhaeuser will post 0.84 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

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

Wall Street Analysts Forecast Growth

WY has been the topic of several recent research reports. Truist Financial lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Raymond James upgraded 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. Citigroup decreased their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.