J.W. Cole Advisors Inc. Has $1.09 Million Stake in Weyerhaeuser Company (NYSE:WY)

J.W. Cole Advisors Inc. raised its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 85.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,129 shares of the real estate investment trust's stock after purchasing an additional 17,132 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Weyerhaeuser were worth $1,087,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $27,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at approximately $31,000. TD Waterhouse Canada Inc. increased its stake in Weyerhaeuser by 136.1% in 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 buying an additional 807 shares during the period. Finally, Graney & King LLC bought a new stake in Weyerhaeuser in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WY shares. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. Truist Financial dropped their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.00.

Weyerhaeuser Stock Down 1.1%

WY traded down $0.28 during trading on Thursday, reaching $25.68. The company had a trading volume of 7,156,275 shares, compared to its average volume of 4,851,172. 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 Company has a 12 month low of $24.10 and a 12 month high of $34.03. The business's fifty day moving average price is $26.13 and its 200 day moving average price is $27.63. The company has a market cap of $18.63 billion, a P/E ratio of 51.37, a PEG ratio of 50.05 and a beta of 1.14.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.07). Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. Weyerhaeuser's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. Equities analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.21 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.27%. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Weyerhaeuser declared that its board has approved a share repurchase program on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.