Oppenheimer Asset Management Inc. Has $1.81 Million Stock Holdings in Weyerhaeuser Company (NYSE:WY)

Oppenheimer Asset Management Inc. grew its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 36.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,840 shares of the real estate investment trust's stock after buying an additional 16,578 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Weyerhaeuser were worth $1,811,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Waverly Advisors LLC boosted its stake 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 worth $305,000 after purchasing an additional 343 shares during the period. Texas Yale Capital Corp. lifted its holdings in shares of Weyerhaeuser by 4.0% in the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust's stock valued at $279,000 after purchasing an additional 385 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Weyerhaeuser by 13.8% during the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust's stock worth $96,000 after buying an additional 416 shares during the period. Unison Advisors LLC grew its holdings in shares of Weyerhaeuser by 0.6% during the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust's stock worth $1,938,000 after buying an additional 419 shares in the last quarter. Finally, Wahed Invest LLC raised its position in Weyerhaeuser by 2.4% in the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock valued at $510,000 after buying an additional 420 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

Shares of WY stock traded down $0.14 on Monday, reaching $25.71. The stock had a trading volume of 5,859,157 shares, compared to its average volume of 3,822,027. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 51.42, a P/E/G ratio of 33.53 and a beta of 1.16. Weyerhaeuser Company has a 12 month low of $24.10 and a 12 month high of $34.03. The firm's 50-day moving average is $26.10 and its two-hundred day moving average is $27.91.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The company's revenue was down 4.9% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

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

Weyerhaeuser Announces Dividend

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

Analyst Ratings Changes

WY has been the subject of a number of recent research reports. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Truist Financial reduced their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. CIBC lowered their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Finally, Citigroup decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.25.

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.