Kentucky Trust Co Invests $163,000 in Weyerhaeuser (NYSE:WY)

Kentucky Trust Co acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,776 shares of the real estate investment trust’s stock, valued at approximately $163,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Oak Thistle LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $1,214,000. Sonora Investment Management Group LLC lifted its stake in Weyerhaeuser by 56.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust’s stock worth $1,458,000 after purchasing an additional 18,698 shares during the last quarter. Czech National Bank increased its holdings in shares of Weyerhaeuser by 6.3% in the fourth quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust’s stock worth $4,435,000 after buying an additional 9,377 shares during the period. Inspire Trust Co. N.A. increased its stake in 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 period. Finally, Franklin Resources Inc. grew its holdings in shares of Weyerhaeuser by 10.2% in the third 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. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of a number of analyst reports. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Truist Financial decreased their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Friday, December 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser Trading Down 0.4 %

NYSE WY opened at $30.00 on Wednesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s fifty day moving average price is $29.50 and its 200-day moving average price is $30.92. The stock has a market cap of $21.79 billion, a P/E ratio of 54.54, a P/E/G ratio of 4.69 and a beta of 1.42. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share 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, equities analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

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.