Financial Counselors Inc. Boosts Holdings in Weyerhaeuser (NYSE:WY)

Financial Counselors Inc. increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,493 shares of the real estate investment trust’s stock after buying an additional 575 shares during the period. Financial Counselors Inc.’s holdings in Weyerhaeuser were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WY. Cerity Partners LLC raised its stake in shares of Weyerhaeuser by 17.5% in the third quarter. Cerity Partners LLC now owns 154,321 shares of the real estate investment trust’s stock valued at $5,225,000 after acquiring an additional 23,023 shares in the last quarter. Bank of Montreal Can raised its position in Weyerhaeuser by 29.3% in the 3rd quarter. Bank of Montreal Can now owns 970,717 shares of the real estate investment trust’s stock valued at $32,762,000 after purchasing an additional 220,142 shares in the last quarter. BNP Paribas Financial Markets raised its position in Weyerhaeuser by 27.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,467,914 shares of the real estate investment trust’s stock valued at $49,704,000 after purchasing an additional 313,583 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $297,000. Finally, Fiduciary Trust Co grew its position in shares of Weyerhaeuser by 0.6% during the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after buying an additional 331 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.7 %

Weyerhaeuser stock opened at $29.38 on Friday. The company has a market capitalization of $21.32 billion, a P/E ratio of 53.41, 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 has a fifty-two week low of $26.73 and a fifty-two week high of $36.10. The stock has a 50-day simple moving average of $30.02 and a 200-day simple moving average of $30.71.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. Equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.86%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WY shares. Truist Financial reduced their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. BMO Capital Markets raised 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, Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.