Weyerhaeuser Company (NYSE:WY) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its position in shares of Weyerhaeuser Company (NYSE:WY) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 529,137 shares of the real estate investment trust’s stock after selling 41,964 shares during the period. LPL Financial LLC owned approximately 0.07% of Weyerhaeuser worth $15,493,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WY. South Plains Financial Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser in the fourth quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the 1st quarter worth approximately $31,000. TD Waterhouse Canada Inc. grew its position in Weyerhaeuser by 136.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 807 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at $70,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WY shares. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 1st. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. DA Davidson decreased their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.88.

Weyerhaeuser Trading Down 0.9%

Shares of NYSE WY opened at $25.56 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 52-week low of $24.10 and a 52-week high of $34.03. The firm has a 50 day moving average price of $26.10 and a two-hundred day moving average price of $27.44. The stock has a market cap of $18.44 billion, a P/E ratio of 67.28, a price-to-earnings-growth ratio of 67.48 and a beta of 1.08.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser announced 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 shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is 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.