Confluence Investment Management LLC Has $49.21 Million Holdings in Weyerhaeuser Company $WY

Key Points

• Confluence Investment Management LLC reduced its stake in Weyerhaeuser Company by 2.4%, owning approximately 1.9 million shares valued at about $49.2 million.
• Weyerhaeuser's stock has seen recent analyst activity, with Wall Street Zen downgrading it from a "hold" to a "sell" rating, while the stock is currently rated as a "Moderate Buy" with a consensus price target of $32.75.
• The company announced a quarterly dividend of $0.21, reflecting an annual yield of 3.4%, despite a high payout ratio of 221.05%.

Confluence Investment Management LLC cut its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,915,486 shares of the real estate investment trust's stock after selling 46,950 shares during the period. Confluence Investment Management LLC owned about 0.26% of Weyerhaeuser worth $49,209,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in WY. DAVENPORT & Co LLC boosted its holdings in shares of Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after acquiring an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Weyerhaeuser by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Weyerhaeuser by 232.0% in 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 period. J.W. Cole Advisors Inc. increased its stake in Weyerhaeuser by 85.7% in 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 buying an additional 17,132 shares in the last quarter. Finally, CX Institutional purchased a new position in shares of Weyerhaeuser during the first quarter valued at about $119,000. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Price Performance

WY traded up $0.05 during midday trading on Thursday, reaching $24.54. 1,149,736 shares of the company's stock were exchanged, compared to its average volume of 4,058,082. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The business's 50-day moving average price is $25.69 and its 200 day moving average price is $26.52. The stock has a market capitalization of $17.70 billion, a PE ratio of 64.60, a P/E/G ratio of 78.87 and a beta of 1.07.

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

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Analyst Ratings Changes

Several analysts have issued reports on WY shares. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday. DA Davidson cut their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Citigroup decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.