HB Wealth Management LLC Has $539,000 Position in Weyerhaeuser Company $WY

HB Wealth Management LLC increased its stake in Weyerhaeuser Company (NYSE:WY) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,970 shares of the real estate investment trust’s stock after purchasing an additional 663 shares during the quarter. HB Wealth Management LLC’s holdings in Weyerhaeuser were worth $539,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Weyerhaeuser by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock worth $1,047,234,000 after purchasing an additional 193,854 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Weyerhaeuser by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock worth $349,368,000 after purchasing an additional 440,163 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock worth $267,561,000 after buying an additional 151,929 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Weyerhaeuser by 2.4% during the first 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 buying an additional 213,062 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.8%

Shares of WY opened at $25.12 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 12-month low of $23.98 and a 12-month high of $33.56. The firm has a market capitalization of $18.12 billion, a PE ratio of 66.11, a price-to-earnings-growth ratio of 125.31 and a beta of 1.05. The stock’s fifty day simple moving average is $25.40 and its 200-day simple moving average is $26.04.

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

Weyerhaeuser Dividend Announcement

The business also recently announced 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 yield of 3.3%. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. Truist Financial cut their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. lowered 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. Finally, CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $32.88.

Insider Activity

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

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.