Weyerhaeuser (NYSE:WY) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its position in Weyerhaeuser (NYSE:WY) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,247 shares of the real estate investment trust’s stock after selling 17,726 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Weyerhaeuser were worth $2,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Asset Planning Inc acquired a new position in Weyerhaeuser in the 4th quarter worth $36,000. 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 acquiring an additional 719 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Weyerhaeuser in the third quarter valued at about $50,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Weyerhaeuser during the 4th quarter valued at approximately $57,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WY. Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Stock Up 1.0 %

Shares of NYSE:WY opened at $30.00 on Tuesday. The company’s fifty day moving average is $29.26 and its two-hundred day moving average is $30.80. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

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 net margin of 5.56% and a return on equity of 3.86%. Equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 annualized dividend and a dividend yield of 2.80%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.