Keudell Morrison Wealth Management Increases Stock Position in Weyerhaeuser (NYSE:WY)

Keudell Morrison Wealth Management grew its stake in Weyerhaeuser (NYSE:WY) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,358 shares of the real estate investment trust’s stock after acquiring an additional 983 shares during the period. Keudell Morrison Wealth Management’s holdings in Weyerhaeuser were worth $489,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank lifted its holdings in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in Weyerhaeuser in the 3rd quarter valued at approximately $45,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 1.7 %

Shares of NYSE:WY opened at $31.06 on Friday. The firm has a 50 day simple moving average of $29.73 and a 200-day simple moving average of $30.90. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $22.56 billion, a PE ratio of 41.97 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 (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. On average, equities analysts predict that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of recent research reports. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday. Cibc World Mkts upgraded 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 price objective for the company in a research report on Wednesday, January 15th. Citigroup reduced their target price 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, Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.14.

About Weyerhaeuser

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.