Cambridge Investment Research Advisors Inc. Acquires 15,288 Shares of Weyerhaeuser Company (NYSE:WY)

Cambridge Investment Research Advisors Inc. lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,703 shares of the real estate investment trust's stock after acquiring an additional 15,288 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Weyerhaeuser were worth $5,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WY. Cohen & Steers Inc. lifted its holdings in Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock valued at $1,095,726,000 after acquiring an additional 14,213,243 shares during the period. Norges Bank purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $638,470,000. Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock worth $566,527,000 after purchasing an additional 637,643 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Weyerhaeuser by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 14,362,306 shares of the real estate investment trust's stock worth $404,299,000 after buying an additional 158,800 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Weyerhaeuser by 3.5% in the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after buying an additional 322,313 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.49 during mid-day trading on Friday, reaching $25.83. The company's stock had a trading volume of 10,584,057 shares, compared to its average volume of 3,813,734. The stock has a fifty day moving average of $26.08 and a two-hundred day moving average of $27.95. The firm has a market capitalization of $18.74 billion, a PE ratio of 51.66, a P/E/G ratio of 33.53 and a beta of 1.16. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26.

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. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS 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 paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.25%. Weyerhaeuser's payout ratio is 168.00%.

Weyerhaeuser announced that its Board of Directors has initiated a stock buyback program on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

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

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.