Farther Finance Advisors LLC Has $276,000 Stock Position in Weyerhaeuser Company (NYSE:WY)

Farther Finance Advisors LLC grew its position in Weyerhaeuser Company (NYSE:WY) by 232.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,476 shares of the real estate investment trust’s stock after buying an additional 6,622 shares during the quarter. Farther Finance Advisors LLC’s holdings in Weyerhaeuser were worth $276,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WY. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $27,000. Assetmark Inc. lifted its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 922 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 807 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective for the company. CIBC reduced their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. Finally, Truist Financial reduced their price objective on shares of 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 given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.25.

Weyerhaeuser Trading Up 0.3%

Shares of WY stock opened at $25.96 on Thursday. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 51.91, a P/E/G ratio of 33.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. The firm has a fifty day moving average of $26.02 and a 200-day moving average of $28.22. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser’s payout ratio is presently 168.00%.

Weyerhaeuser declared that its Board of Directors has initiated a stock repurchase plan 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 buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.