Commerce Bank Sells 5,252 Shares of Weyerhaeuser (NYSE:WY)

Commerce Bank cut its stake in Weyerhaeuser (NYSE:WY) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,587 shares of the real estate investment trust’s stock after selling 5,252 shares during the period. Commerce Bank’s holdings in Weyerhaeuser were worth $2,550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Assetmark Inc. lifted its holdings in Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser in the fourth quarter valued at about $36,000. Lee Danner & Bass Inc. acquired a new stake in Weyerhaeuser in the fourth quarter worth about $44,000. Graney & King LLC bought a new stake in Weyerhaeuser during the 4th quarter worth about $44,000. Finally, AdvisorNet Financial Inc lifted its position in Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 4.3 %

Weyerhaeuser stock opened at $24.70 on Tuesday. The company has a 50 day moving average of $28.61 and a 200-day moving average of $29.87. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The stock has a market capitalization of $17.93 billion, a PE ratio of 44.91, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last announced 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 net margin of 5.56% and a return on equity of 3.86%. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio (DPR) is currently 152.73%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WY. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price target on the stock in a research note on Wednesday, January 15th. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price on the stock. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.50.

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.