Farther Finance Advisors LLC Acquires 1,504 Shares of Weyerhaeuser Company $WY

Farther Finance Advisors LLC increased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,980 shares of the real estate investment trust’s stock after acquiring an additional 1,504 shares during the period. Farther Finance Advisors LLC’s holdings in Weyerhaeuser were worth $282,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WY. Nuveen LLC bought a new stake in Weyerhaeuser during the 1st quarter worth approximately $107,330,000. Millennium Management LLC boosted its position in Weyerhaeuser by 2,952.7% in the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock valued at $91,657,000 after buying an additional 3,027,823 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Weyerhaeuser by 63.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock valued at $212,733,000 after buying an additional 2,833,288 shares during the last quarter. Clean Energy Transition LLP bought a new position in Weyerhaeuser in the 1st quarter valued at $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in Weyerhaeuser in the 1st quarter valued at $53,061,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on WY shares. DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Truist Financial decreased their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. Citigroup decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. Finally, Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $24.79 on Wednesday. The company has a market capitalization of $17.89 billion, a PE ratio of 65.24, a PEG ratio of 107.40 and a beta of 1.07. Weyerhaeuser Company has a 12 month low of $23.98 and a 12 month high of $33.96. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $25.46 and its 200 day simple moving average is $26.14.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 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 the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Insider Activity

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

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.