AdvisorNet Financial Inc Has $47,000 Stock Position in Weyerhaeuser (NYSE:WY)

AdvisorNet Financial Inc increased its position in Weyerhaeuser (NYSE:WY) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,665 shares of the real estate investment trust’s stock after purchasing an additional 486 shares during the quarter. AdvisorNet Financial Inc’s holdings in Weyerhaeuser were worth $47,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $27,000. Bangor Savings Bank grew its position in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares during the period. Finally, Meeder Asset Management Inc. grew its position in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 0.7 %

WY stock opened at $30.24 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $21.97 billion, a PE ratio of 40.86 and a beta of 1.42. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The business’s 50 day simple moving average is $29.82 and its 200 day simple moving average is $30.76.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. As a group, research analysts anticipate that Weyerhaeuser will post 0.49 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s payout ratio is presently 108.11%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WY. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Raymond James upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Citigroup cut their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.