Kestra Private Wealth Services LLC Lowers Holdings in Weyerhaeuser (NYSE:WY)

Kestra Private Wealth Services LLC lowered its position in shares of Weyerhaeuser (NYSE:WYGet Rating) by 52.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,627 shares of the real estate investment trust’s stock after selling 6,194 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Weyerhaeuser were worth $213,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. DeDora Capital Inc. purchased a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $27,000. Rosenberg Matthew Hamilton lifted its holdings in Weyerhaeuser by 44.1% in the first quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 251 shares during the period. HHM Wealth Advisors LLC boosted its position in shares of Weyerhaeuser by 44.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 917 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 284 shares in the last quarter. Accel Wealth Management grew its stake in shares of Weyerhaeuser by 60.5% during the 1st quarter. Accel Wealth Management now owns 963 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 363 shares during the period. Finally, Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 81.09% of the company’s stock.

Analysts Set New Price Targets

WY has been the topic of a number of research analyst reports. StockNews.com raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Bank of America cut Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.00 to $34.00 in a report on Tuesday. Argus cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Truist Financial began coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They set a “hold” rating and a $37.00 target price on the stock. Finally, The Goldman Sachs Group dropped their price target on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.80.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $29.96 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.59 and a current ratio of 3.20. The business’s fifty day moving average price is $34.86 and its two-hundred day moving average price is $36.88. The stock has a market cap of $22.18 billion, a PE ratio of 9.13 and a beta of 1.48. Weyerhaeuser has a one year low of $29.49 and a one year high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last posted its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Weyerhaeuser had a net margin of 23.10% and a return on equity of 24.49%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $1.37 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser will post 3.14 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, September 1st. Weyerhaeuser’s payout ratio is 21.95%.

Weyerhaeuser Profile

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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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