Baker Ellis Asset Management LLC Sells 3,595 Shares of Weyerhaeuser (NYSE:WY)

Baker Ellis Asset Management LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,972 shares of the real estate investment trust’s stock after selling 3,595 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Weyerhaeuser were worth $4,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Oak Thistle LLC purchased a new position in Weyerhaeuser during the fourth quarter valued at $1,214,000. Czech National Bank raised its position in shares of Weyerhaeuser by 6.3% in the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after purchasing an additional 9,377 shares during the last quarter. Inspire Trust Co. N.A. raised its position in shares of Weyerhaeuser by 148.2% in the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust’s stock worth $4,253,000 after purchasing an additional 75,000 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Weyerhaeuser by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 729,570 shares of the real estate investment trust’s stock worth $23,777,000 after purchasing an additional 67,314 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Weyerhaeuser by 10.5% in the 4th quarter. Nordea Investment Management AB now owns 1,923,093 shares of the real estate investment trust’s stock worth $54,231,000 after purchasing an additional 181,973 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 2.1 %

NYSE WY opened at $29.77 on Thursday. The stock has a market cap of $21.63 billion, a PE ratio of 40.24 and a beta of 1.42. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s 50 day moving average is $29.79 and its 200 day moving average is $30.83. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. Research analysts predict 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 given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday, January 15th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Friday, January 17th. Finally, Truist Financial cut their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

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.