Barclays PLC Has $27.20 Million Stock Holdings in Weyerhaeuser (NYSE:WY)
Barclays PLC has significantly adjusted its investment approach concerning shares of Weyerhaeuser (NYSE:WY) during the fourth quarter. According to its recent 13F filing with the Securities and Exchange Commission (SEC), Barclays PLC reduced its holdings by 44.9%. The fund decreased its shares to 966,293, a move involving the sale of 788,186 shares throughout the quarter. By the end of the most recent quarter, Barclays PLC held 0.13% of Weyerhaeuser’s stock, valued at $27,201,000.
Aside from Barclays, several other institutional investors and hedge funds have re-evaluated their stakes in Weyerhaeuser. Notably, Assetmark Inc. expanded its position in the real estate investment trust by 290.9% in the fourth quarter. As a result, Assetmark Inc.’s holdings now encompass 1,239 shares of Weyerhaeuser’s stock, valued at $35,000, following a purchase of an additional 922 shares during the last quarter. Similarly, Asset Planning Inc. entered the market by acquiring a new stake in Weyerhaeuser worth approximately $36,000 in the fourth quarter.
In addition, Lee Danner & Bass Inc. and Graney & King LLC each acquired new positions, both entering the scene with investments worth approximately $44,000 during the same period. Furthermore, AdvisorNet Financial Inc. raised their stake by 41.2%, concluding the quarter with 1,665 shares valued at $47,000 after buying an additional 486 shares.
Overall, institutional investors and hedge funds currently own 82.99% of the stock. The high level of institutional investment indicates a robust interest in the performance and potential of Weyerhaeuser.
Stock Performance and Financials
As of the latest data, shares of Weyerhaeuser (WY) opened at $25.78. The company’s stock has experienced fluctuations within the past year, with a low of $24.10 and a high of $34.03. Weyerhaeuser’s overall market capitalization stands at $18.72 billion. The firm’s price-earnings (PE) ratio is 46.88, with a price-to-earnings-growth (PEG) ratio of 4.74, and it carries a beta of 1.25, indicating a relative level of volatility compared to the market.
The financial stability of Weyerhaeuser is reflected in its current ratio of 1.79 and a quick ratio of 1.17, paired with a debt-to-equity ratio of 0.50. The firm’s fifty-day simple moving average is $28.70, while the two-hundred day moving average is $29.98.
Earnings and Dividend Updates
On January 30th, Weyerhaeuser revealed its latest earnings results, reporting an earnings per share (EPS) of $0.11 for the quarter. This figure surpassed analysts’ consensus estimates of $0.07 by $0.04. The company achieved a net margin of 5.56% and a return on equity of 3.86%. Analysts project that Weyerhaeuser will post an EPS of 0.78 for the current fiscal year.
The company also recently declared a quarterly dividend, paid on March 21st, with stockholders of record as of March 7th receiving a $0.21 dividend. Annually, this translates to a dividend yield of 3.26% based on a dividend of $0.84. Notably, this is a slight increase from Weyerhaeuser’s previous quarterly dividend of $0.20. The company’s dividend payout ratio (DPR) is currently at 152.73%, signifying the proportion of earnings paid as dividends to shareholders.
Brokerage Opinions
Various brokerage firms have provided insight into Weyerhaeuser’s stock. CIBC World Markets upgraded shares from a “hold” rating to a “strong-buy” rating. Conversely, Truist Financial adjusted its target price from $34.00 to $33.00, maintaining a “hold” rating on the stock.
Similarly, Raymond James promoted Weyerhaeuser from a “market perform” rating to an “outperform” rating, setting a target price of $32.00. Citigroup adjusted its position from $38.00 to $35.00 and affirmed a “buy” recommendation.
Overall, the stock holds favorable ratings from various analysts, contributing to an average rating of “Moderate Buy” with an approximate price target of $34.50.
About Weyerhaeuser
Founded in 1900, Weyerhaeuser Company stands among the world’s largest private owners of timberlands. The company owns or controls roughly 11 million acres of timberlands within the United States and oversees additional land under long-term licenses in Canada. Emphasizing sustainability, Weyerhaeuser manages these vast resources in adherence to globally recognized forestry standards.
The firm’s historical and contemporary advancements in sustainable forest management position it as a pivotal entity in the real estate investment trust sector, specifically focusing on timberlands.
