Cohen Klingenstein LLC Has $1.36 Million Stake in Weyerhaeuser (NYSE:WY)

Cohen Klingenstein LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,437 shares of the real estate investment trust’s stock after selling 550 shares during the quarter. Cohen Klingenstein LLC’s holdings in Weyerhaeuser were worth $1,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser during the third quarter worth approximately $25,000. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted 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 during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.7 %

NYSE:WY opened at $30.24 on Friday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42. The firm has a fifty day simple moving average of $29.82 and a two-hundred day simple moving average of $30.73.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Analysts expect that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Analysts Set New Price Targets

A number of brokerages have weighed in on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Citigroup reduced 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. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $35.14.

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.