Kingsview Wealth Management LLC Raises Holdings in Weyerhaeuser (NYSE:WY)

Kingsview Wealth Management LLC increased its position in Weyerhaeuser (NYSE:WY) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,354 shares of the real estate investment trust’s stock after buying an additional 593 shares during the period. Kingsview Wealth Management LLC’s holdings in Weyerhaeuser were worth $207,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. increased its position 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 worth $38,000 after purchasing an additional 719 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser during the third quarter valued at $45,000. AdvisorNet Financial Inc lifted its position in Weyerhaeuser by 41.2% during the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Weyerhaeuser in the 3rd quarter worth $50,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

WY stock opened at $29.60 on Friday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 4.69 and a beta of 1.42. The business’s fifty day simple moving average is $29.37 and its two-hundred day simple moving average is $30.88. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results 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 net margin of 5.56% and a return on equity of 3.86%. Analysts predict that Weyerhaeuser will post 0.8 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. Weyerhaeuser’s payout ratio is 145.46%.

Analyst Ratings Changes

WY has been the topic of several recent research reports. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.