Gateway Investment Advisers LLC Acquires 33,448 Shares of Weyerhaeuser Company $WY

Key Points

• Gateway Investment Advisers LLC increased its holdings in Weyerhaeuser Company by 33.9%, owning 132,022 shares valued at approximately $3.39 million after acquiring additional shares in the second quarter.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, which equates to an annual yield of 3.4%, although the dividend payout ratio is notably high at 221.05%.
• Analysts have mixed sentiments on Weyerhaeuser, with a consensus rating of "Moderate Buy" and an average price target of $32.88, despite some firms downgrading their ratings.

Gateway Investment Advisers LLC grew its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 33.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,022 shares of the real estate investment trust's stock after acquiring an additional 33,448 shares during the quarter. Gateway Investment Advisers LLC's holdings in Weyerhaeuser were worth $3,392,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WY. Waverly Advisors LLC raised its holdings in Weyerhaeuser by 3.3% in the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 343 shares during the period. S.A. Mason LLC raised its stake in shares of Weyerhaeuser by 5.6% during the first quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock worth $224,000 after acquiring an additional 408 shares in the last quarter. Unison Advisors LLC increased its position in shares of Weyerhaeuser by 0.7% during the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust's stock valued at $2,029,000 after buying an additional 455 shares during the period. SPC Financial Inc. grew its position in Weyerhaeuser by 3.5% during the 1st quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust's stock valued at $427,000 after purchasing an additional 500 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Weyerhaeuser by 20.3% in the fourth quarter. State of Wyoming now owns 3,020 shares of the real estate investment trust's stock worth $85,000 after buying an additional 510 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Insider Activity

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, 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 is available through this link. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.39 during trading hours on Friday, hitting $24.15. 11,568,671 shares of the company's stock traded hands, compared to its average volume of 3,919,679. The business's fifty day simple moving average is $25.61 and its two-hundred day simple moving average is $26.40. The firm has a market cap of $17.42 billion, a P/E ratio of 63.55, a P/E/G ratio of 76.22 and a beta of 1.07. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52 week low of $23.98 and a 52 week high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.21 EPS. On average, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser's dividend payout ratio is 221.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WY shares. CIBC reduced their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Citigroup reduced their target price 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. DA Davidson reduced their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

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.