Corient Private Wealth LLC Sells 27,832 Shares of Weyerhaeuser (NYSE:WY)

Corient Private Wealth LLC lowered its stake in Weyerhaeuser (NYSE:WY) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,899 shares of the real estate investment trust’s stock after selling 27,832 shares during the quarter. Corient Private Wealth LLC’s holdings in Weyerhaeuser were worth $7,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 12.7% in the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock valued at $151,437,000 after acquiring an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Weyerhaeuser by 122.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,881,592 shares of the real estate investment trust’s stock valued at $137,417,000 after purchasing an additional 2,685,634 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Weyerhaeuser in the 3rd quarter worth approximately $40,773,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Weyerhaeuser during the fourth quarter worth $26,206,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research reports. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Truist Financial decreased their price target 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. Finally, BMO Capital Markets raised 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. Three 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.13 on Friday. The stock has a market cap of $21.86 billion, a P/E ratio of 54.77, a PEG ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. 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 50-day moving average of $29.99 and a two-hundred day moving average of $30.75.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results 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, research analysts expect 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. Stockholders of record on Friday, March 7th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend 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.