Cetera Investment Advisers Raises Position in Weyerhaeuser (NYSE:WY)

Cetera Investment Advisers raised its stake in shares of Weyerhaeuser (NYSE:WY) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,319 shares of the real estate investment trust’s stock after purchasing an additional 7,810 shares during the period. Cetera Investment Advisers’ holdings in Weyerhaeuser were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. HB Wealth Management LLC raised its position in Weyerhaeuser by 2.4% during the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after purchasing an additional 357 shares during the period. Texas Yale Capital Corp. raised its position in Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 385 shares during the period. Quadrant Capital Group LLC raised its position in Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock valued at $96,000 after purchasing an additional 416 shares during the period. Unison Advisors LLC raised its position in Weyerhaeuser by 0.6% during the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 419 shares during the period. Finally, Wahed Invest LLC raised its position in Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock valued at $510,000 after purchasing an additional 420 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial cut their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price on the stock. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.75.

Weyerhaeuser Trading Down 0.9%

WY opened at $26.49 on Tuesday. The stock’s fifty day moving average is $26.97 and its two-hundred day moving average is $28.98. The company has a market capitalization of $19.21 billion, a P/E ratio of 48.16, a PEG ratio of 4.74 and a beta of 1.15. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.16 EPS. The business’s revenue was down 4.9% compared to the same quarter last year. Analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has initiated a share buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.17%. Weyerhaeuser’s dividend payout ratio is presently 168.00%.

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.