Avantax Advisory Services Inc. Grows Holdings in Weyerhaeuser (NYSE:WY)

Avantax Advisory Services Inc. increased its stake in shares of Weyerhaeuser (NYSE:WY) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,539 shares of the real estate investment trust’s stock after purchasing an additional 1,577 shares during the period. Avantax Advisory Services Inc.’s holdings in Weyerhaeuser were worth $1,000,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in Weyerhaeuser in the 3rd quarter valued at about $440,000. Victory Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 11.8% in the third quarter. Victory Capital Management Inc. now owns 457,002 shares of the real estate investment trust’s stock valued at $15,474,000 after purchasing an additional 48,137 shares during the period. Empowered Funds LLC grew its holdings in shares of Weyerhaeuser by 5.2% in the third quarter. Empowered Funds LLC now owns 43,106 shares of the real estate investment trust’s stock valued at $1,460,000 after purchasing an additional 2,129 shares in the last quarter. Natixis Advisors LLC increased its stake in Weyerhaeuser by 7.2% during the 3rd quarter. Natixis Advisors LLC now owns 159,987 shares of the real estate investment trust’s stock worth $5,417,000 after buying an additional 10,798 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in Weyerhaeuser by 5.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 189,758 shares of the real estate investment trust’s stock worth $6,425,000 after buying an additional 9,569 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $29.90 on Thursday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market capitalization of $21.70 billion, a P/E ratio of 54.37, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company’s fifty day moving average price is $29.94 and its 200 day moving average price is $30.75.

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

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.81%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is currently 152.73%.

Wall Street Analyst Weigh In

WY has been the subject of several research reports. CIBC upgraded 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup reduced their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Finally, Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.