Park Avenue Securities LLC Has $486,000 Holdings in Weyerhaeuser (NYSE:WY)

Park Avenue Securities LLC lessened its position in shares of Weyerhaeuser (NYSE:WY) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,249 shares of the real estate investment trust’s stock after selling 738 shares during the period. Park Avenue Securities LLC’s holdings in Weyerhaeuser were worth $486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser in the 3rd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 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 buying an additional 651 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of 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 buying an additional 719 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WY. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Citigroup decreased 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. Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Truist Financial decreased 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. Finally, CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Weyerhaeuser Stock Up 0.6 %

Shares of NYSE WY opened at $29.93 on Friday. The company has a market cap of $21.74 billion, a price-to-earnings ratio of 40.44 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a 50-day moving average price of $29.77 and a two-hundred day moving average price of $30.82.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data 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 analysts’ expectations of $1.70 billion. During the same period in the prior year, the company earned $0.33 EPS. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed 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. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 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.