Wealthcare Advisory Partners LLC Makes New Investment in Weyerhaeuser Company (NYSE:WY)

Wealthcare Advisory Partners LLC purchased a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,675 shares of the real estate investment trust's stock, valued at approximately $283,000.

Other institutional investors also recently modified their holdings of the company. Waverly Advisors LLC increased its holdings in Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 343 shares during the period. Texas Yale Capital Corp. grew its position in shares of Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 385 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 416 shares during the period. Unison Advisors LLC raised its position in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Wahed Invest LLC raised its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after buying an additional 420 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WY shares. CIBC reduced their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price objective for the company. Truist Financial lowered their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $33.25.

Weyerhaeuser Trading Up 0.7%

Shares of WY traded up $0.17 during mid-day trading on Wednesday, reaching $26.04. The company's stock had a trading volume of 1,095,603 shares, compared to its average volume of 3,787,196. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market cap of $18.89 billion, a PE ratio of 52.05, a P/E/G ratio of 34.64 and a beta of 1.16. The company's fifty day moving average price is $26.03 and its two-hundred day moving average price is $28.24. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.23%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio is presently 168.00%.

Weyerhaeuser announced that its board has approved a share buyback plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is 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.