Thrivent Financial for Lutherans Sells 26,765 Shares of Weyerhaeuser (NYSE:WY)

Thrivent Financial for Lutherans lowered its holdings in shares of Weyerhaeuser (NYSE:WY) by 26.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,135 shares of the real estate investment trust’s stock after selling 26,765 shares during the period. Thrivent Financial for Lutherans’ holdings in Weyerhaeuser were worth $2,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Trust Co increased its holdings in Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares in the last quarter. HB Wealth Management LLC raised its position in Weyerhaeuser by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Weyerhaeuser by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Weyerhaeuser by 3.7% during the 4th quarter. GAMMA Investing LLC now owns 12,715 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 448 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Weyerhaeuser by 9.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,976 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 448 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.7 %

Shares of NYSE WY opened at $29.38 on Friday. The firm’s fifty day moving average is $30.02 and its 200 day moving average is $30.71. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.10. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 4.74 and a beta of 1.43. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.86%. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

Analyst Ratings Changes

A number of analysts recently issued reports on WY shares. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, December 23rd. Citigroup lowered their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. 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 note on Monday, January 6th. Finally, Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.