Addison Advisors LLC Lowers Position in Weyerhaeuser (NYSE:WY)

Addison Advisors LLC cut its stake in shares of Weyerhaeuser (NYSE:WY) by 61.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,147 shares of the real estate investment trust’s stock after selling 1,812 shares during the quarter. Addison Advisors LLC’s holdings in Weyerhaeuser were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Asset Planning Inc bought a new stake in Weyerhaeuser during the fourth quarter valued at about $36,000. Meeder Asset Management Inc. raised 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 valued at $38,000 after acquiring an additional 719 shares during the period. AdvisorNet Financial Inc raised its holdings in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 486 shares during the period. Capital Performance Advisors LLP bought a new stake in Weyerhaeuser during the third quarter valued at about $50,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Weyerhaeuser during the fourth quarter valued at about $57,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WY has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial reduced their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Up 0.8 %

Shares of NYSE WY opened at $30.21 on Wednesday. The business’s 50 day moving average is $29.28 and its two-hundred day moving average is $30.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market capitalization of $21.92 billion, a P/E ratio of 54.92, a PEG ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued 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, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.78%. The ex-dividend date is Friday, March 7th. Weyerhaeuser’s payout ratio is presently 152.73%.

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.