Weyerhaeuser Company (NYSE:WY) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,723 shares of the real estate investment trust's stock after purchasing an additional 12,307 shares during the period. Oppenheimer & Co. Inc.'s holdings in Weyerhaeuser were worth $7,458,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its position in shares of Weyerhaeuser by 2.8% during the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after purchasing an additional 1,373 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Weyerhaeuser by 36.7% in the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock worth $323,000 after buying an additional 3,084 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Weyerhaeuser by 232.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after buying an additional 6,622 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Weyerhaeuser by 12.2% during the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 779 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Weyerhaeuser by 12.5% during the fourth quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust's stock valued at $1,979,000 after acquiring an additional 7,810 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 1.9%

Shares of Weyerhaeuser stock traded down $0.49 during mid-day trading on Friday, hitting $25.83. The stock had a trading volume of 10,584,057 shares, compared to its average volume of 3,820,443. The firm has a 50-day moving average of $26.08 and a two-hundred day moving average of $28.01. The firm has a market cap of $18.74 billion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 33.82 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The firm's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share. Sell-side analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its board has authorized a stock buyback plan 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 buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Weyerhaeuser Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio is presently 168.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. CIBC dropped their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a report on Tuesday, April 22nd. Truist Financial dropped their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. 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. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 target price on the stock. Finally, Citigroup dropped their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.