Amalgamated Bank Sells 2,936 Shares of Weyerhaeuser (NYSE:WY)

Amalgamated Bank lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 140,063 shares of the real estate investment trust’s stock after selling 2,936 shares during the quarter. Amalgamated Bank’s holdings in Weyerhaeuser were worth $3,943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Asset Planning Inc bought a new stake in Weyerhaeuser in the 4th quarter valued at $36,000. Meeder Asset Management Inc. boosted its position in shares of Weyerhaeuser by 172.4% in 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 acquiring an additional 719 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Weyerhaeuser by 41.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 486 shares during the period. Capital Performance Advisors LLP bought a new position in Weyerhaeuser during the third quarter worth about $50,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Weyerhaeuser during the fourth quarter worth about $57,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WY. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a research report on Friday, December 6th. CIBC upgraded 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, January 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Truist Financial decreased their price target on 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Weyerhaeuser Trading Down 0.0 %

Shares of WY stock opened at $30.06 on Friday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock’s fifty day moving average price is $29.43 and its two-hundred day moving average price is $30.78. 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 company has a market cap of $21.81 billion, a PE ratio of 54.65, a P/E/G ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating 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%. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. This is a boost 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 is currently 152.73%.

About Weyerhaeuser

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.