Nisa Investment Advisors LLC Sells 20,998 Shares of Weyerhaeuser Company (NYSE:WY)

Nisa Investment Advisors LLC decreased its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 289,602 shares of the real estate investment trust's stock after selling 20,998 shares during the quarter. Nisa Investment Advisors LLC's holdings in Weyerhaeuser were worth $8,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Valeo Financial Advisors LLC bought a new position in shares of Weyerhaeuser during the first quarter worth about $273,000. M&T Bank Corp boosted its stake in shares of Weyerhaeuser by 0.8% during the 1st quarter. M&T Bank Corp now owns 246,494 shares of the real estate investment trust's stock worth $7,217,000 after acquiring an additional 2,058 shares during the period. Financial Counselors Inc. boosted its stake in shares of Weyerhaeuser by 4.9% during the 1st quarter. Financial Counselors Inc. now owns 31,993 shares of the real estate investment trust's stock worth $937,000 after acquiring an additional 1,500 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Weyerhaeuser by 112.6% during the 1st quarter. TD Private Client Wealth LLC now owns 6,141 shares of the real estate investment trust's stock worth $180,000 after acquiring an additional 3,253 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Weyerhaeuser by 3.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 520,443 shares of the real estate investment trust's stock worth $15,239,000 after purchasing an additional 17,748 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.11 during trading on Friday, hitting $26.29. The company's stock had a trading volume of 3,614,121 shares, compared to its average volume of 3,851,101. The business has a fifty day moving average of $26.21 and a 200-day moving average of $27.80. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a market cap of $19.07 billion, a PE ratio of 52.58, a P/E/G ratio of 41.13 and a beta of 1.14. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. Weyerhaeuser's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its board has authorized a share buyback plan on Thursday, May 8th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.21 per share. The ex-dividend date was Friday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 3.20%. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Analysts Set New Price Targets

WY has been the subject of several analyst reports. Truist Financial dropped their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. CIBC dropped their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.13.

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.