Weyerhaeuser (NYSE:WY) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. decreased its stake in shares of Weyerhaeuser (NYSE:WY) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,032 shares of the real estate investment trust’s stock after selling 1,832 shares during the quarter. Meyer Handelman Co.’s holdings in Weyerhaeuser were worth $2,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WY. Acadian Asset Management LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth about $333,000. Choreo LLC purchased a new position in Weyerhaeuser in the second quarter valued at approximately $401,000. Meeder Advisory Services Inc. lifted its position in Weyerhaeuser by 27.7% during the second quarter. Meeder Advisory Services Inc. now owns 7,179 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 1,557 shares in the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in Weyerhaeuser by 13.1% during the second quarter. Dai ichi Life Insurance Company Ltd now owns 31,746 shares of the real estate investment trust’s stock worth $901,000 after buying an additional 3,686 shares during the period. Finally, Rathbones Group PLC grew its stake in Weyerhaeuser by 3.2% during the second quarter. Rathbones Group PLC now owns 19,502 shares of the real estate investment trust’s stock worth $554,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research note on Monday, December 23rd. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Monday, December 16th. Finally, 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $28.97 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The business has a 50 day moving average price of $29.92 and a two-hundred day moving average price of $30.73. The firm has a market cap of $21.05 billion, a PE ratio of 39.15 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down 13.3% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.