Sonora Investment Management Group LLC Grows Stock Position in Weyerhaeuser (NYSE:WY)

Sonora Investment Management Group LLC raised its position in Weyerhaeuser (NYSE:WY) by 56.5% in the fourth quarter, Holdings Channel reports. The fund owned 51,785 shares of the real estate investment trust’s stock after buying an additional 18,698 shares during the period. Sonora Investment Management Group LLC’s holdings in Weyerhaeuser were worth $1,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WY. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Bangor Savings Bank increased its position in 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 purchasing an additional 651 shares during the period. Meeder Asset Management Inc. grew its holdings in 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 worth $38,000 after acquiring an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $45,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. BMO Capital Markets raised 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. 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 report on Wednesday, January 15th. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Stock Performance

WY opened at $31.06 on Friday. The business has a 50 day moving average price of $29.73 and a two-hundred day moving average price of $30.90. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of 41.97 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Research analysts predict that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s payout ratio is presently 108.11%.

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.