IFP Advisors Inc Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

IFP Advisors Inc trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,478 shares of the real estate investment trust’s stock after selling 674 shares during the period. IFP Advisors Inc’s holdings in Weyerhaeuser were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 486 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $57,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

WY stock opened at $31.44 on Tuesday. 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 business’s fifty day simple moving average is $29.49 and its two-hundred day simple moving average is $30.80. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $22.81 billion, a price-to-earnings ratio of 57.16, a PEG ratio of 4.74 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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%. Analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.67%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 152.73%.

Wall Street Analysts Forecast Growth

WY has been the topic of several recent research reports. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Monday, February 3rd. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a report on Wednesday, January 15th. Finally, Raymond James upgraded 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. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average 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.