Belpointe Asset Management LLC Has $280,000 Stake in Weyerhaeuser Co (NYSE:WY)

Belpointe Asset Management LLC lifted its stake in Weyerhaeuser Co (NYSE:WY) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,805 shares of the real estate investment trust’s stock after acquiring an additional 635 shares during the quarter. Belpointe Asset Management LLC’s holdings in Weyerhaeuser were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. HC Financial Advisors Inc. boosted its stake in shares of Weyerhaeuser by 32.1% in the third quarter. HC Financial Advisors Inc. now owns 11,222 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 2,725 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Weyerhaeuser by 13.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 73,799 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 8,816 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Weyerhaeuser by 3.5% in the third quarter. Schroder Investment Management Group now owns 219,947 shares of the real estate investment trust’s stock valued at $7,098,000 after buying an additional 7,460 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Weyerhaeuser by 3.8% in the third quarter. Dimensional Fund Advisors LP now owns 371,906 shares of the real estate investment trust’s stock valued at $12,004,000 after buying an additional 13,485 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in shares of Weyerhaeuser by 14.6% in the third quarter. AMP Capital Investors Ltd now owns 320,874 shares of the real estate investment trust’s stock valued at $10,533,000 after buying an additional 40,865 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Russell S. Hagen sold 8,000 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

A number of research firms recently weighed in on WY. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price target on the stock in a research note on Friday, April 5th. Seaport Global Securities assumed coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They set a “buy” rating for the company. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a report on Monday, March 11th. Finally, Raymond James set a $29.00 price objective on Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.10.

Shares of NYSE WY traded up $0.39 during trading on Wednesday, reaching $26.33. The company had a trading volume of 3,118,488 shares, compared to its average volume of 4,746,854. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $38.39. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 6.40 and a beta of 1.66. The company has a quick ratio of 0.63, a current ratio of 0.83 and a debt-to-equity ratio of 0.60.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.31 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser Co will post 0.82 EPS for the current year.

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About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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