Weyerhaeuser (NYSE:WY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in Weyerhaeuser (NYSE:WY) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 665,477 shares of the real estate investment trust’s stock after selling 11,737 shares during the period. Stifel Financial Corp’s holdings in Weyerhaeuser were worth $18,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its position in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 922 shares during the period. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $36,000. TD Waterhouse Canada Inc. grew its holdings in Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 807 shares during the period. Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $44,000. Finally, Graney & King LLC purchased a new position in Weyerhaeuser during the fourth quarter worth approximately $44,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

WY opened at $24.83 on Friday. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $28.25 and a 200 day simple moving average of $29.70.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price target for the company. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a report on Tuesday. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.75.

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.