O Shaughnessy Asset Management LLC Sells 11,048 Shares of Weyerhaeuser (NYSE:WY)

O Shaughnessy Asset Management LLC cut its position in shares of Weyerhaeuser (NYSE:WY) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,615 shares of the real estate investment trust’s stock after selling 11,048 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Weyerhaeuser were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC increased its stake in Weyerhaeuser by 2.5% in 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. IHT Wealth Management LLC bought a new stake in Weyerhaeuser in the 3rd quarter valued at about $407,000. Quantinno Capital Management LP boosted its holdings in Weyerhaeuser by 17.7% in the third quarter. Quantinno Capital Management LP now owns 17,020 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 2,563 shares in the last quarter. Stifel Financial Corp grew its stake in Weyerhaeuser by 9.3% in the third quarter. Stifel Financial Corp now owns 677,214 shares of the real estate investment trust’s stock valued at $22,931,000 after acquiring an additional 57,479 shares during the period. Finally, State Street Corp increased its holdings in shares of Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock valued at $1,063,463,000 after acquiring an additional 761,757 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY stock opened at $26.22 on Monday. 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 has a market cap of $19.03 billion, a PE ratio of 47.67, a P/E/G ratio of 4.74 and a beta of 1.25. The business has a 50 day moving average of $29.84 and a 200-day moving average of $30.56. Weyerhaeuser has a 12-month low of $26.07 and a 12-month high of $35.08.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (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%. As a group, sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.20%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analyst Weigh In

WY has been the topic of several research reports. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Citigroup dropped their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Monday, February 3rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.