Weyerhaeuser (NYSE:WY) Shares Sold by Mariner LLC

Mariner LLC decreased its stake in Weyerhaeuser (NYSE:WY) by 29.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,111 shares of the real estate investment trust’s stock after selling 121,766 shares during the period. Mariner LLC’s holdings in Weyerhaeuser were worth $8,110,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. HB Wealth Management LLC grew its position in 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 acquiring an additional 357 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in Weyerhaeuser by 4.0% during 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 purchasing an additional 385 shares in the last quarter. Quadrant Capital Group LLC increased its stake 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 buying an additional 416 shares during the period. Unison Advisors LLC lifted its holdings in Weyerhaeuser by 0.6% in the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock worth $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in Weyerhaeuser by 4.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 10,893 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 431 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.8 %

Weyerhaeuser stock opened at $25.78 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a 1 year low of $24.10 and a 1 year high of $34.03. The firm’s 50-day moving average is $28.70 and its 200-day moving average is $29.98. The company has a market cap of $18.72 billion, a P/E ratio of 46.88, a PEG ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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 return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. 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 annualized dividend and a dividend yield of 3.26%. Weyerhaeuser’s payout ratio is 152.73%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WY. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. Truist Financial reduced their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price target for the company. Citigroup cut their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Weyerhaeuser Company 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.