Bartlett & CO. Wealth Management LLC Has $150,000 Holdings in Weyerhaeuser (NYSE:WY)

Bartlett & CO. Wealth Management LLC cut its stake in shares of Weyerhaeuser (NYSE:WY) by 27.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,319 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Weyerhaeuser were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser during the third quarter worth $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $32,000 after purchasing an additional 928 shares during the period. Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares during the period. Meeder Asset Management Inc. grew its stake in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the third quarter valued at about $45,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Finally, Raymond James raised 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Weyerhaeuser Stock Up 0.2 %

WY stock opened at $30.01 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $21.81 billion, a P/E ratio of 40.56 and a beta of 1.42. The business has a 50-day moving average of $29.75 and a 200-day moving average of $30.81. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.67%. Weyerhaeuser’s payout ratio 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.