Weyerhaeuser (NYSE:WY) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its position in shares of Weyerhaeuser (NYSE:WY) by 290.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,239 shares of the real estate investment trust’s stock after acquiring an additional 922 shares during the quarter. Assetmark Inc.’s holdings in Weyerhaeuser were worth $35,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WY. Asset Planning Inc acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at $36,000. Meeder Asset Management Inc. raised its stake in shares of Weyerhaeuser by 172.4% during 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 purchasing an additional 719 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of 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 in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $57,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Weyerhaeuser Trading Up 2.0 %

NYSE:WY opened at $29.53 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock’s 50-day moving average is $29.83 and its two-hundred day moving average is $30.77. The stock has a market cap of $21.42 billion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.21 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. Weyerhaeuser’s payout ratio is presently 152.73%.

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.