Anchor Investment Management LLC Has $739,000 Stake in Weyerhaeuser (NYSE:WY)

Anchor Investment Management LLC cut its stake in Weyerhaeuser (NYSE:WY) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 26,236 shares of the real estate investment trust’s stock after selling 419 shares during the quarter. Anchor Investment Management LLC’s holdings in Weyerhaeuser were worth $739,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. HB Wealth Management LLC lifted its holdings in shares of Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares in the last quarter. Texas Yale Capital Corp. lifted its stake in Weyerhaeuser by 4.0% in the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 385 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after acquiring an additional 416 shares during the last quarter. Unison Advisors LLC grew its stake in shares of Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock worth $1,938,000 after acquiring an additional 419 shares in the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Weyerhaeuser by 4.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $25.83 on Wednesday. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a 50 day moving average of $28.96 and a 200-day moving average of $30.12. 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 market capitalization of $18.75 billion, a P/E ratio of 46.97, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, equities research analysts predict 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 dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.25%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WY. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective for the company. Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $34.50.

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.