Stratos Wealth Partners LTD. Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Stratos Wealth Partners LTD. lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 10.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,199 shares of the real estate investment trust’s stock after selling 1,079 shares during the period. Stratos Wealth Partners LTD.’s holdings in Weyerhaeuser were worth $320,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ascent Group LLC raised its position in Weyerhaeuser by 3.8% during the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock worth $297,000 after acquiring an additional 348 shares during the last quarter. MMA Asset Management LLC raised its position in Weyerhaeuser by 4.9% during the second quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 349 shares during the last quarter. Home Federal Bank of Tennessee raised its position in Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock worth $1,126,000 after acquiring an additional 355 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Weyerhaeuser by 3.6% during the third quarter. Foundations Investment Advisors LLC now owns 10,472 shares of the real estate investment trust’s stock worth $321,000 after acquiring an additional 365 shares during the last quarter. Finally, Xponance Inc. raised its position in Weyerhaeuser by 0.4% during the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets lifted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a research report on Monday, January 29th. Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $33.24 on Monday. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company has a 50 day moving average price of $34.22 and a 200 day moving average price of $32.64. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 28.90 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.41%. Weyerhaeuser’s dividend payout ratio is 69.57%.

Insider Buying and Selling

In related news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,699 shares of company stock valued at $1,455,609. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Company 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.