Arkadios Wealth Advisors Raises Stake in Weyerhaeuser Company (NYSE:WY)

Key Points

• Arkadios Wealth Advisors increased its holdings in Weyerhaeuser Company by 60.6% during the first quarter, holding a total of 45,833 shares valued at approximately $1.34 million.
• Analysts have mixed opinions on Weyerhaeuser's stock, with ratings ranging from a strong sell to strong buy, resulting in a consensus rating of "Moderate Buy" and an average price target of $32.88.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, representing a 3.3% yield, and has authorized a stock repurchase plan worth $1 billion, indicating confidence in the company's valuation.

Arkadios Wealth Advisors lifted its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 60.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,833 shares of the real estate investment trust's stock after purchasing an additional 17,298 shares during the quarter. Arkadios Wealth Advisors' holdings in Weyerhaeuser were worth $1,342,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in WY. South Plains Financial Inc. bought a new position in shares of Weyerhaeuser in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at about $27,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser during the first quarter worth about $31,000. Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the first quarter worth about $36,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 807 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Up 0.8%

WY traded up $0.19 during mid-day trading on Monday, reaching $25.27. 3,823,187 shares of the stock were exchanged, compared to its average volume of 5,233,889. 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 stock has a market capitalization of $18.23 billion, a PE ratio of 66.50, a price-to-earnings-growth ratio of 65.60 and a beta of 1.08. The company has a 50 day moving average price of $26.10 and a two-hundred day moving average price of $27.50. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser's payout ratio is 221.05%.

Weyerhaeuser declared that its Board of Directors has authorized a share buyback program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research analyst reports. Citigroup reduced their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. CIBC lowered their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday. DA Davidson lowered their price objective 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.88.

About Weyerhaeuser

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.