4,064 Shares in Weyerhaeuser (NYSE:WY) Acquired by CX Institutional

CX Institutional acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,064 shares of the real estate investment trust’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its holdings in Weyerhaeuser by 3.4% in the 4th quarter. Empowered Funds LLC now owns 44,551 shares of the real estate investment trust’s stock worth $1,254,000 after purchasing an additional 1,445 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Weyerhaeuser by 16.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust’s stock worth $8,596,000 after buying an additional 42,630 shares in the last quarter. Principal Securities Inc. boosted its position in Weyerhaeuser by 12.2% during the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 779 shares in the last quarter. Allworth Financial LP raised its stake in Weyerhaeuser by 93.4% in the fourth quarter. Allworth Financial LP now owns 6,951 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 3,356 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Weyerhaeuser in the fourth quarter valued at about $365,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.3%

NYSE:WY opened at $26.72 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a market cap of $19.38 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. The company has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $28.26.

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

Weyerhaeuser declared that its board has authorized a stock buyback program on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.14%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 168.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on WY. The Goldman Sachs Group downgraded Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 target price for the company. CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. Citigroup reduced their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $33.25.

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.