Carson Advisory Inc. Has $1.02 Million Holdings in Weyerhaeuser (NYSE:WY)

Carson Advisory Inc. cut its stake in Weyerhaeuser (NYSE:WY) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,359 shares of the real estate investment trust’s stock after selling 900 shares during the period. Carson Advisory Inc.’s holdings in Weyerhaeuser were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. SVB Wealth LLC boosted its stake in Weyerhaeuser by 5.3% in the 3rd quarter. SVB Wealth LLC now owns 10,998 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 551 shares during the period. Xponance Inc. boosted its stake in shares of Weyerhaeuser by 0.4% during the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after buying an additional 380 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of Weyerhaeuser by 19.3% during the 3rd quarter. Mission Wealth Management LP now owns 24,435 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 3,955 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Weyerhaeuser by 11.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,278 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 1,035 shares during the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $473,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 2.7 %

WY traded up $0.81 during midday trading on Thursday, hitting $31.01. The company had a trading volume of 4,710,417 shares, compared to its average volume of 3,452,790. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 28.15 and a beta of 1.47. The stock’s 50 day moving average price is $33.78 and its 200 day moving average price is $32.74.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 72.73%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Royal Bank of Canada dropped their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.67.

Insider Buying and Selling

In other news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.

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.