Cullen Frost Bankers Inc. Sells 11,318 Shares of Weyerhaeuser (NYSE:WY)

Cullen Frost Bankers Inc. reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,684 shares of the real estate investment trust’s stock after selling 11,318 shares during the period. Cullen Frost Bankers Inc.’s holdings in Weyerhaeuser were worth $1,314,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp boosted its stake in shares of Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after purchasing an additional 1,373 shares during the period. Oak Thistle LLC purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $1,214,000. Sonora Investment Management Group LLC boosted its stake in shares of Weyerhaeuser by 56.5% during the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock valued at $1,458,000 after purchasing an additional 18,698 shares during the period. Czech National Bank lifted its stake in Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. lifted its stake in Weyerhaeuser by 148.2% in the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after acquiring an additional 75,000 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on WY shares. 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. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. Finally, StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

NYSE WY opened at $30.69 on Friday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock has a 50-day moving average of $29.69 and a 200 day moving average of $30.80. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 55.80, a PEG ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS 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%. On average, sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.74%. 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 dividend payout ratio (DPR) is presently 152.73%.

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.