Keating Investment Counselors Inc. Trims Stake in Weyerhaeuser (NYSE:WY)

Keating Investment Counselors Inc. reduced its position in shares of Weyerhaeuser (NYSE:WY) by 5.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 102,017 shares of the real estate investment trust’s stock after selling 6,295 shares during the period. Weyerhaeuser comprises about 0.9% of Keating Investment Counselors Inc.’s investment portfolio, making the stock its 22nd largest holding. Keating Investment Counselors Inc.’s holdings in Weyerhaeuser were worth $2,896,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in Weyerhaeuser by 0.8% during the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after acquiring an additional 348 shares in the last quarter. Institute for Wealth Management LLC. boosted its position in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 366 shares in the last quarter. Jacobi Capital Management LLC boosted its position in Weyerhaeuser by 6.6% during the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after acquiring an additional 406 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Weyerhaeuser by 14.0% during the 4th quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 420 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Weyerhaeuser by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,379 shares of the real estate investment trust’s stock valued at $257,000 after acquiring an additional 445 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WY shares. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $35.83.

Insiders Place Their Bets

In related news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Stock Performance

Shares of WY opened at $30.35 on Friday. The stock has a 50-day moving average of $30.03 and a two-hundred day moving average of $31.32. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The stock has a market cap of $22.07 billion, a P/E ratio of 27.59 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser will post 0.59 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.64%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

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.