Choreo LLC Sells 1,139 Shares of Weyerhaeuser (NYSE:WY)

Choreo LLC lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,774 shares of the real estate investment trust’s stock after selling 1,139 shares during the quarter. Choreo LLC’s holdings in Weyerhaeuser were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Weyerhaeuser during the 3rd quarter valued at approximately $233,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares during the last quarter. Creative Planning raised its stake in shares of Weyerhaeuser by 22.4% in the 3rd quarter. Creative Planning now owns 74,099 shares of the real estate investment trust’s stock valued at $2,509,000 after acquiring an additional 13,572 shares during the period. Finally, Asset Dedication LLC boosted its holdings in Weyerhaeuser by 173.4% during the 3rd quarter. Asset Dedication LLC now owns 1,766 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,120 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.3 %

WY opened at $29.60 on Thursday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market capitalization of $21.51 billion, a P/E ratio of 53.82, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $29.47 and its 200-day moving average is $30.91.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Analysts expect that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research note on Monday, December 23rd. Finally, Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

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.