Weyerhaeuser (NYSE:WY) Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. reduced its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 46.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,320 shares of the real estate investment trust's stock after selling 21,805 shares during the period. Cascade Investment Advisors Inc.'s holdings in Weyerhaeuser were worth $741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 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 purchasing an additional 343 shares during the period. Texas Yale Capital Corp. lifted its holdings in 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 worth $279,000 after buying an additional 385 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Weyerhaeuser by 13.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after acquiring an additional 416 shares in the last quarter. Unison Advisors LLC raised its stake in Weyerhaeuser by 0.6% during the 4th quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after acquiring an additional 419 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Weyerhaeuser by 2.4% during the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.26 during midday trading on Thursday, hitting $26.55. The company had a trading volume of 1,446,405 shares, compared to its average volume of 3,788,433. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03. The business has a 50-day simple moving average of $26.05 and a two-hundred day simple moving average of $28.55. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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

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

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.16%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Citigroup lowered their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday. The Goldman Sachs Group cut shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target for the company. Finally, CIBC lowered their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 22nd. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.25.

Weyerhaeuser 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.