Cultivar Capital Inc. Has $9.25 Million Holdings in Weyerhaeuser (NYSE:WY)

Cultivar Capital Inc. boosted its position in Weyerhaeuser (NYSE:WY) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 328,711 shares of the real estate investment trust’s stock after acquiring an additional 2,565 shares during the period. Weyerhaeuser accounts for 8.1% of Cultivar Capital Inc.’s investment portfolio, making the stock its 6th biggest position. Cultivar Capital Inc.’s holdings in Weyerhaeuser were worth $9,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WY. Fiduciary Trust Co lifted its stake in Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after acquiring an additional 331 shares during the period. Wedmont Private Capital boosted its stake in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 2.4% during the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 367 shares during the period. Finally, CWM LLC raised its stake in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY stock opened at $30.57 on Thursday. The stock’s 50 day simple moving average is $29.73 and its 200 day simple moving average is $30.90. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market capitalization of $22.21 billion, a PE ratio of 41.31 and a beta of 1.42.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.14.

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.