Financial Counselors Inc. Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

Financial Counselors Inc. lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,493 shares of the real estate investment trust’s stock after buying an additional 575 shares during the quarter. Financial Counselors Inc.’s holdings in Weyerhaeuser were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its stake in Weyerhaeuser by 290.9% in the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares during the period. Asset Planning Inc acquired a new position in shares of Weyerhaeuser during the fourth quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new position in Weyerhaeuser during the fourth quarter worth about $44,000. AdvisorNet Financial Inc lifted its position in 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. Finally, Millstone Evans Group LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $52,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.7 %

Shares of Weyerhaeuser stock opened at $29.38 on Friday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.10. The business’s fifty day moving average is $30.02 and its two-hundred day moving average is $30.71. 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 market cap of $21.32 billion, a PE ratio of 53.41, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping 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%. Analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business 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. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.86%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WY shares. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, Truist Financial lowered 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, January 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.