SeaBridge Investment Advisors LLC Sells 833 Shares of Weyerhaeuser (NYSE:WY)

SeaBridge Investment Advisors LLC trimmed its holdings in Weyerhaeuser (NYSE:WY) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,908 shares of the real estate investment trust’s stock after selling 833 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Weyerhaeuser were worth $645,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the last quarter. Bangor Savings Bank raised its position in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Weyerhaeuser by 172.4% during 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. Finally, Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the 3rd quarter valued at $45,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.0 %

Shares of WY opened at $30.64 on Friday. The business’s fifty day moving average price is $29.72 and its two-hundred day moving average price is $30.91. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 41.41 and a beta of 1.42. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last issued 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 7.43% and a return on equity of 4.21%. On average, analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 yield of 2.61%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup dropped their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial dropped 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. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a report on Monday, December 23rd. Finally, StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

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.