Hanson & Doremus Investment Management Reduces Stock Position in Weyerhaeuser (NYSE:WY)

Hanson & Doremus Investment Management trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 9.2% in the 4th quarter, Holdings Channel reports. The firm owned 13,502 shares of the real estate investment trust’s stock after selling 1,370 shares during the period. Hanson & Doremus Investment Management’s holdings in Weyerhaeuser were worth $380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fiduciary Trust Co increased its stake in shares of Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares in the last quarter. Wedmont Private Capital boosted its holdings in Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 350 shares during the last quarter. HB Wealth Management LLC increased its stake in Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.7 %

WY opened at $30.57 on Thursday. The stock has a market capitalization of $22.21 billion, a PE ratio of 41.31 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The business’s 50 day moving average price is $29.73 and its 200 day moving average price is $30.90.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WY. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup decreased their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.14.

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.