Baldwin Wealth Partners LLC MA Has $990,000 Holdings in Weyerhaeuser (NYSE:WY)

Baldwin Wealth Partners LLC MA trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 22.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,170 shares of the real estate investment trust’s stock after selling 10,430 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Weyerhaeuser were worth $990,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Bangor Savings Bank boosted its position in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 651 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $45,000. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

WY has been the topic of several analyst reports. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 target price on the stock in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, December 6th. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $30.81 on Monday. The company’s 50 day simple moving average is $29.73 and its 200 day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 41.59 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, research analysts predict that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.60%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

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.