Kentucky Retirement Systems Cuts Stock Holdings in Weyerhaeuser (NYSE:WY)

Kentucky Retirement Systems decreased its position in shares of Weyerhaeuser (NYSE:WY) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,980 shares of the real estate investment trust’s stock after selling 689 shares during the quarter. Kentucky Retirement Systems’ holdings in Weyerhaeuser were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in WY. Asset Planning Inc bought a new position in Weyerhaeuser during the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. lifted its position 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 valued at $38,000 after purchasing an additional 719 shares during the period. AdvisorNet Financial Inc lifted its position in 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 during the period. Capital Performance Advisors LLP bought a new position in Weyerhaeuser during the third quarter valued at approximately $50,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Weyerhaeuser during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on WY shares. BMO Capital Markets upgraded shares of 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. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Citigroup decreased their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. 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 report on Monday, January 6th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three 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 company. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Stock Down 1.0 %

Shares of WY stock opened at $29.69 on Monday. The company has a market capitalization of $21.54 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company’s fifty day moving average price is $29.26 and its 200-day moving average price is $30.80. 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 (NYSE:WY) last announced 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%. Sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed 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. This represents a $0.84 annualized dividend and a dividend yield of 2.83%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 145.46%.

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.