Azimuth Capital Investment Management LLC Buys 16,874 Shares of Weyerhaeuser (NYSE:WY)

Azimuth Capital Investment Management LLC boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 8.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 219,255 shares of the real estate investment trust’s stock after acquiring an additional 16,874 shares during the quarter. Azimuth Capital Investment Management LLC’s holdings in Weyerhaeuser were worth $6,172,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Assetmark Inc. lifted its stake in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc acquired a new position in Weyerhaeuser during the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at about $44,000. Graney & King LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at about $44,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $26.60 on Thursday. The business’s 50 day moving average is $29.33 and its two-hundred day moving average is $30.33. The stock has a market capitalization of $19.31 billion, a price-to-earnings ratio of 48.36, a PEG ratio of 4.74 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.26.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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. This represents a $0.84 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WY. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a research report on Tuesday. They issued an “overweight” rating and a $31.00 target price on the stock. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

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.