TD Private Client Wealth LLC Sells 2,864 Shares of Weyerhaeuser (NYSE:WY)

TD Private Client Wealth LLC cut its position in Weyerhaeuser (NYSE:WY) by 49.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,888 shares of the real estate investment trust’s stock after selling 2,864 shares during the period. TD Private Client Wealth LLC’s holdings in Weyerhaeuser were worth $81,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $36,000. Lee Danner & Bass Inc. bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $44,000. AdvisorNet Financial Inc grew its holdings 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 worth $47,000 after purchasing an additional 486 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $57,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 1.3 %

Shares of WY opened at $29.19 on Wednesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm’s 50 day moving average is $30.05 and its 200-day moving average is $30.73. The stock has a market capitalization of $21.18 billion, a PE ratio of 53.07, a P/E/G ratio of 4.74 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a dividend of $0.21 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. This represents a $0.84 annualized dividend and a yield of 2.88%. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analysts Set New Price Targets

WY has been the subject of a number of recent analyst reports. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup dropped their price objective 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. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price for the company in a report on Wednesday, January 15th. Finally, Truist Financial lowered their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.