Weyerhaeuser (NYSE:WY) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,962,436 shares of the real estate investment trust's stock after selling 41,856 shares during the period. Confluence Investment Management LLC owned approximately 0.27% of Weyerhaeuser worth $57,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. South Plains Financial Inc. bought a new stake in Weyerhaeuser in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in Weyerhaeuser in the fourth quarter worth approximately $27,000. Assetmark Inc. grew its stake in Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 922 shares in the last quarter. Asset Planning Inc purchased a new position in Weyerhaeuser during the 4th quarter worth $36,000. Finally, TD Waterhouse Canada Inc. raised its position in Weyerhaeuser by 136.1% during 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 Down 1.7%

Shares of WY stock traded down $0.45 during trading hours on Monday, reaching $25.47. 1,025,542 shares of the company's stock were exchanged, compared to its average volume of 3,780,828. The stock's 50 day moving average is $26.26 and its 200-day moving average is $28.62. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03.

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

Weyerhaeuser declared that its board has initiated a stock repurchase plan 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 purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's payout ratio is presently 168.00%.

Wall Street Analyst Weigh In

WY has been the subject of a number of research analyst reports. CIBC decreased 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. Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective for the company. Finally, Truist Financial reduced their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $33.75.

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.