J.W. Cole Advisors Inc. Raises Stake in Weyerhaeuser Company (NYSE:WY)

J.W. Cole Advisors Inc. lifted its position in shares of Weyerhaeuser Company (NYSE:WY) by 85.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 37,129 shares of the real estate investment trust’s stock after purchasing an additional 17,132 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Weyerhaeuser were worth $1,087,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Cohen & Steers Inc. increased its holdings in shares of Weyerhaeuser by 57.5% in the 4th quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust’s stock valued at $1,095,726,000 after acquiring an additional 14,213,243 shares during the last quarter. Norges Bank acquired a new position in Weyerhaeuser during the 4th quarter worth $638,470,000. Geode Capital Management LLC boosted its position in Weyerhaeuser by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust’s stock worth $566,527,000 after acquiring an additional 637,643 shares during the period. Northern Trust Corp boosted its position in Weyerhaeuser by 3.5% during the 4th quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust’s stock worth $268,498,000 after acquiring an additional 322,313 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 2.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust’s stock worth $264,171,000 after acquiring an additional 213,062 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $25.95 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $26.14 and a two-hundred day moving average price of $27.65. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a market cap of $18.82 billion, a P/E ratio of 51.89, a PEG ratio of 50.45 and a beta of 1.14.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $1.76 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. As a group, analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

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

Weyerhaeuser Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WY shares. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 1st. Truist Financial dropped their price target on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Citigroup dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. Finally, DA Davidson dropped their price target on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

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.