Hudson Valley Investment Advisors Inc. ADV Sells 4,497 Shares of Weyerhaeuser (NYSE:WY)

Hudson Valley Investment Advisors Inc. ADV cut its position in Weyerhaeuser (NYSE:WY) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,153 shares of the real estate investment trust’s stock after selling 4,497 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Weyerhaeuser were worth $3,326,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Inspire Trust Co. N.A. raised its stake in shares of Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock valued at $4,253,000 after acquiring an additional 75,000 shares during the last quarter. Franklin Resources Inc. raised its position in Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock valued at $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Nordea Investment Management AB raised its position in Weyerhaeuser by 10.5% in the 4th quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock valued at $54,231,000 after purchasing an additional 181,973 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Weyerhaeuser by 9.1% in the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust’s stock worth $10,383,000 after purchasing an additional 25,554 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Weyerhaeuser by 17.3% during the second quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after purchasing an additional 14,911 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday. Finally, StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $35.57.

Weyerhaeuser Stock Down 1.2 %

Shares of NYSE:WY opened at $27.68 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 37.41 and a beta of 1.42. The company has a 50 day moving average of $30.12 and a 200-day moving average of $30.70. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. On average, sell-side analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.89%. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

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.