Bradley Foster & Sargent Inc. CT Decreases Stake in Weyerhaeuser (NYSE:WY)

Bradley Foster & Sargent Inc. CT lowered its stake in Weyerhaeuser (NYSE:WY) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 257,916 shares of the real estate investment trust’s stock after selling 8,807 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Weyerhaeuser were worth $7,260,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the fourth quarter worth about $36,000. Meeder Asset Management Inc. lifted its holdings in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the period. AdvisorNet Financial Inc grew its position 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 worth $47,000 after buying an additional 486 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.0 %

NYSE:WY opened at $29.69 on Friday. The firm has a market capitalization of $21.54 billion, a P/E ratio of 53.97, a PEG ratio of 4.74 and a beta of 1.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company’s 50-day simple moving average is $29.26 and its 200 day simple moving average is $30.82.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.83%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s payout ratio is 145.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WY. Truist Financial dropped their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Citigroup dropped their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. 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 research note on Wednesday, January 15th. Finally, 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 report on Friday, December 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.