Comprehensive Money Management Services LLC Invests $2.23 Million in Weyerhaeuser (NYSE:WY)

Comprehensive Money Management Services LLC bought a new position in shares of Weyerhaeuser (NYSE:WY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 79,224 shares of the real estate investment trust's stock, valued at approximately $2,230,000. Weyerhaeuser makes up approximately 1.8% of Comprehensive Money Management Services LLC's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. South Plains Financial Inc. purchased a new position in Weyerhaeuser during the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth $27,000. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc bought a new stake in Weyerhaeuser during the fourth quarter valued at about $36,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in 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 valued at $39,000 after acquiring an additional 807 shares during the period. Institutional investors own 82.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on WY. Truist Financial dropped their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. CIBC reduced their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and a consensus target price of $33.75.

Weyerhaeuser Stock Performance

WY traded up $0.15 on Thursday, reaching $26.04. The company had a trading volume of 3,538,248 shares, compared to its average volume of 3,762,917. The company's fifty day moving average is $26.40 and its 200 day moving average is $28.72. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The stock has a market cap of $18.89 billion, a P/E ratio of 47.35, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business's revenue was down 4.9% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

Weyerhaeuser declared that its Board of Directors has approved a stock buyback plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Company 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.