Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,836 Shares of Weyerhaeuser (NYSE:WY)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 154,493 shares of the real estate investment trust’s stock after selling 3,836 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Weyerhaeuser were worth $4,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its holdings 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 valued at $35,000 after purchasing an additional 922 shares during the last quarter. Asset Planning Inc bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $36,000. AdvisorNet Financial Inc lifted its holdings in shares of Weyerhaeuser by 41.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 486 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $57,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $60,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target for the company in a report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial reduced their price objective on shares of 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 raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $29.18 on Monday. The company has a market capitalization of $21.17 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $30.03 and a 200 day moving average of $30.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 net margin of 5.56% and a return on equity of 3.86%. On average, sell-side analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a $0.21 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. Weyerhaeuser’s payout ratio is 152.73%.

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.