Retirement Planning Co of New England Inc. Takes Position in Weyerhaeuser Company $WY

Key Points

• Retirement Planning Co of New England Inc. acquired 12,071 shares of Weyerhaeuser Company, valued at approximately $353,000, during the first quarter.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.2%, with a payout ratio of 221.05%.
• Wall Street analysts have mixed ratings on Weyerhaeuser, with one strong buy, six buy, one hold, and one sell rating, and a consensus price target of $32.88.

Retirement Planning Co of New England Inc. purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,071 shares of the real estate investment trust's stock, valued at approximately $353,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser during the 4th quarter valued at $27,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $36,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Up 2.9%

Shares of Weyerhaeuser stock traded up $0.73 during trading on Thursday, reaching $25.55. The stock had a trading volume of 3,865,356 shares, compared to its average volume of 4,073,778. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 67.23, a P/E/G ratio of 79.23 and a beta of 1.07. The stock has a fifty day moving average price of $25.86 and a two-hundred day moving average price of $26.83. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

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

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's payout ratio is 221.05%.

Analysts Set New Price Targets

Several research firms have recently commented on WY. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. DA Davidson lowered their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Citigroup lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Finally, Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.88.

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.