Johnson Financial Group Inc. Sells 32,352 Shares of Weyerhaeuser (NYSE:WY)

Johnson Financial Group Inc. lowered its stake in Weyerhaeuser (NYSE:WY) by 71.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,758 shares of the real estate investment trust’s stock after selling 32,352 shares during the quarter. Johnson Financial Group Inc.’s holdings in Weyerhaeuser were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WY. Assetmark Inc. increased its stake in 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 in the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser in the 4th quarter valued at about $36,000. TD Waterhouse Canada Inc. raised its stake in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 807 shares during the period. Lee Danner & Bass Inc. bought a new position in Weyerhaeuser in the fourth quarter worth approximately $44,000. Finally, Graney & King LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $44,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on WY shares. Truist Financial cut their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Citigroup dropped their price objective 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. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, CIBC cut their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $33.75.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $24.83 on Monday. The company has a market capitalization of $18.02 billion, a PE ratio of 45.15, a PEG ratio of 4.74 and a beta of 1.25. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $28.25 and its 200-day moving average price is $29.66. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

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