Cohen Klingenstein LLC Reduces Position in Weyerhaeuser (NYSE:WY)

Cohen Klingenstein LLC decreased its holdings in Weyerhaeuser (NYSE:WYFree Report) by 1.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,437 shares of the real estate investment trust’s stock after selling 550 shares during the period. Cohen Klingenstein LLC’s holdings in Weyerhaeuser were worth $1,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WY. Wellington Management Group LLP grew its stake in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock valued at $1,210,694,000 after acquiring an additional 4,035,048 shares in the last quarter. State Street Corp grew its position in Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after buying an additional 761,757 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after acquiring an additional 217,510 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock valued at $295,940,000 after acquiring an additional 454,095 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 0.7 %

WY opened at $30.24 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock has a market cap of $21.97 billion, a PE ratio of 40.86 and a beta of 1.42. The business has a 50 day moving average of $29.82 and a 200-day moving average of $30.73.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. Equities research analysts predict that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders 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 was Friday, November 29th. Weyerhaeuser’s payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. 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. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, December 6th. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup lowered their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. One equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Get Our Latest Report on WY

About Weyerhaeuser

(Free Report)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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