Checchi Capital Advisers LLC Sells 466 Shares of Weyerhaeuser (NYSE:WY)

Checchi Capital Advisers LLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,680 shares of the real estate investment trust’s stock after selling 466 shares during the period. Checchi Capital Advisers LLC’s holdings in Weyerhaeuser were worth $357,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position 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 buying an additional 719 shares during the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser during the 4th quarter valued at $36,000. Capital Performance Advisors LLP purchased a new position in Weyerhaeuser during the 3rd quarter worth $50,000. AdvisorNet Financial Inc boosted its holdings in Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Weyerhaeuser by 165.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,229 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the topic of a number of recent analyst reports. CIBC raised 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. 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 raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Finally, Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.06 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. The firm has a market cap of $21.81 billion, a PE ratio of 54.66, a PEG ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock’s fifty day moving average price is $29.37 and its two-hundred day moving average price is $30.78.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating 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%. On average, equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.79%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.