Meyer Handelman Co. Cuts Position in Weyerhaeuser (NYSE:WY)

Meyer Handelman Co. reduced its stake in shares of Weyerhaeuser (NYSE:WY) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,032 shares of the real estate investment trust’s stock after selling 1,832 shares during the period. Meyer Handelman Co.’s holdings in Weyerhaeuser were worth $2,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fiduciary Trust Co lifted its stake in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital increased its holdings in Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares during the period. CWM LLC boosted its stake in shares of Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Weyerhaeuser by 0.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after acquiring an additional 402 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a research note on Wednesday. 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 report on Friday, December 6th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $28.97 on Wednesday. The company has a 50-day simple moving average of $29.92 and a 200-day simple moving average of $30.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a market cap of $21.05 billion, a PE ratio of 39.15 and a beta of 1.42. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.76%. Weyerhaeuser’s payout ratio is currently 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.