Bradley Foster & Sargent Inc. CT Sells 8,807 Shares of Weyerhaeuser (NYSE:WY)

Bradley Foster & Sargent Inc. CT lowered its position in shares of Weyerhaeuser (NYSE:WY) by 3.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 257,916 shares of the real estate investment trust’s stock after selling 8,807 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Weyerhaeuser were worth $7,260,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WY. Creative Planning raised its position in Weyerhaeuser by 22.4% in the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock worth $2,509,000 after buying an additional 13,572 shares during the last quarter. Signaturefd LLC grew its stake in shares of Weyerhaeuser by 22.9% in the third quarter. Signaturefd LLC now owns 4,874 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 908 shares during the period. Eastern Bank bought a new stake in shares of Weyerhaeuser in the third quarter worth approximately $72,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Weyerhaeuser during the third quarter valued at approximately $234,000. Finally, International Assets Investment Management LLC lifted its position in Weyerhaeuser by 6,118.3% during the third quarter. International Assets Investment Management LLC now owns 196,125 shares of the real estate investment trust’s stock valued at $6,641,000 after purchasing an additional 192,971 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE WY opened at $29.69 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50-day moving average price of $29.26 and a 200-day moving average price of $30.82. The firm has a market cap of $21.54 billion, a price-to-earnings ratio of 53.97, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.83%. Weyerhaeuser’s dividend payout ratio is currently 145.46%.

Analysts Set New Price Targets

A number of research firms have commented on WY. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.