1832 Asset Management L.P. Has $15.87 Million Stake in Weyerhaeuser Company $WY

Key Points

• 1832 Asset Management L.P. decreased its stake in Weyerhaeuser Company by 13.0%, holding approximately 0.07% of the company worth $15.87 million after selling 80,700 shares in the first quarter.
• Weyerhaeuser recently disclosed a quarterly dividend of $0.21 per share, with a yield of 3.1% and a payout ratio of 221.05%.
• Equity analysts have mixed ratings for Weyerhaeuser, with one strong buy, six buy, one hold, and one sell, and an average price target of $32.88.

1832 Asset Management L.P. trimmed its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 13.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 542,004 shares of the real estate investment trust's stock after selling 80,700 shares during the period. 1832 Asset Management L.P. owned approximately 0.07% of Weyerhaeuser worth $15,870,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WY. NewEdge Advisors LLC lifted its position in shares of Weyerhaeuser by 4.4% during the fourth quarter. NewEdge Advisors LLC now owns 17,377 shares of the real estate investment trust's stock worth $489,000 after purchasing an additional 726 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Weyerhaeuser by 10.0% during the fourth quarter. MML Investors Services LLC now owns 84,590 shares of the real estate investment trust's stock worth $2,381,000 after purchasing an additional 7,693 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Weyerhaeuser by 136.1% during the fourth 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. Fuller & Thaler Asset Management Inc. lifted its position in shares of Weyerhaeuser by 12.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 13,880 shares of the real estate investment trust's stock worth $391,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $235,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.3%

NYSE:WY traded up $0.08 during trading hours on Friday, hitting $25.82. The stock had a trading volume of 770,770 shares, compared to its average volume of 4,054,952. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 67.94, a P/E/G ratio of 79.99 and a beta of 1.08. The business's 50 day moving average is $25.94 and its 200-day moving average is $26.95.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business's quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has initiated a stock buyback program 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 buy up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser's dividend payout ratio is currently 221.05%.

Insider Activity

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on WY. DA Davidson cut their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Truist Financial cut their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.88.

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.