Ancora Advisors LLC Has $26.49 Million Stake in Weyerhaeuser Company $WY

Key Points

• Ancora Advisors LLC increased its stake in Weyerhaeuser Company by 15.3% in the first quarter, now holding approximately 904,722 shares valued at $26.49 million.
• A range of institutional investors have also adjusted their positions, with Bank of New York Mellon Corp increasing its stake by 63.9%, owning over 7.26 million shares now valued at about $212.73 million.
• Weyerhaeuser Company recently declared a $0.21 quarterly dividend to be paid on September 12th, representing an annualized yield of 3.4%, while also announcing a $1 billion stock buyback program.

Ancora Advisors LLC increased its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 15.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 904,722 shares of the real estate investment trust's stock after purchasing an additional 120,343 shares during the quarter. Ancora Advisors LLC owned approximately 0.12% of Weyerhaeuser worth $26,490,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its position in shares of Weyerhaeuser by 8.0% during the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after purchasing an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Weyerhaeuser by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock worth $2,171,000 after purchasing an additional 1,524 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Weyerhaeuser by 232.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after purchasing an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock worth $1,087,000 after purchasing an additional 17,132 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $119,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

NYSE WY traded up $0.55 during midday trading on Friday, hitting $26.10. The company had a trading volume of 3,452,715 shares, compared to its average volume of 3,675,931. The company has a market capitalization of $18.83 billion, a PE ratio of 68.69, a P/E/G ratio of 80.08 and a beta of 1.07. 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 firm has a 50-day moving average price of $25.85 and a 200-day moving average price of $26.76. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released 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. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. As a group, analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Weyerhaeuser's payout ratio is 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 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 acquisition, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WY. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Truist Financial dropped their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. DA Davidson cut their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

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.