Moors & Cabot Inc. Reduces Position in Weyerhaeuser (NYSE:WY)

Moors & Cabot Inc. decreased its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,924 shares of the real estate investment trust’s stock after selling 901 shares during the quarter. Moors & Cabot Inc.’s holdings in Weyerhaeuser were worth $1,546,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Warburton Capital Management LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $227,000. GC Wealth Management RIA LLC raised its holdings in Weyerhaeuser by 141.2% in the fourth quarter. GC Wealth Management RIA LLC now owns 22,678 shares of the real estate investment trust’s stock valued at $638,000 after acquiring an additional 13,274 shares in the last quarter. Independent Advisor Alliance raised its holdings in Weyerhaeuser by 12.1% in the fourth quarter. Independent Advisor Alliance now owns 8,709 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 938 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings 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 acquiring an additional 2,685,634 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Weyerhaeuser by 6.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 146,210 shares of the real estate investment trust’s stock valued at $4,116,000 after acquiring an additional 8,675 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented 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 target on the stock in a research note on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Truist Financial lowered their target price 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $28.88 on Friday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The business has a fifty day moving average of $29.80 and a two-hundred day moving average of $30.77. The company has a market cap of $20.96 billion, a P/E ratio of 52.52, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, analysts predict 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 paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is 152.73%.

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.