Everett Harris & Co. CA Buys 4,353 Shares of Weyerhaeuser (NYSE:WY)

Everett Harris & Co. CA boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 14.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,657 shares of the real estate investment trust’s stock after acquiring an additional 4,353 shares during the quarter. Everett Harris & Co. CA’s holdings in Weyerhaeuser were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Keudell Morrison Wealth Management grew its position in shares of Weyerhaeuser by 6.0% in the 4th quarter. Keudell Morrison Wealth Management now owns 17,358 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 983 shares during the last quarter. Sonora Investment Management Group LLC lifted its stake in Weyerhaeuser by 56.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock worth $1,458,000 after acquiring an additional 18,698 shares during the period. Cultivar Capital Inc. increased its position in Weyerhaeuser by 0.8% during the 4th quarter. Cultivar Capital Inc. now owns 328,711 shares of the real estate investment trust’s stock valued at $9,253,000 after purchasing an additional 2,565 shares during the period. First Affirmative Financial Network raised its holdings in Weyerhaeuser by 5.5% in the 4th quarter. First Affirmative Financial Network now owns 12,414 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 652 shares in the last quarter. Finally, Cascade Investment Advisors Inc. lifted its position in shares of Weyerhaeuser by 1.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 47,125 shares of the real estate investment trust’s stock worth $1,327,000 after purchasing an additional 525 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Down 1.0 %

Shares of Weyerhaeuser stock opened at $30.64 on Friday. The company has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $30.90. The stock has a market capitalization of $22.27 billion, a PE ratio of 41.41 and a beta of 1.42. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. On average, analysts anticipate that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research report on Monday, December 23rd. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Truist Financial lowered their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.14.

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.