Retirement Planning Co of New England Inc. Makes New Investment in Weyerhaeuser Company (NYSE:WY)

Retirement Planning Co of New England Inc. purchased a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,071 shares of the real estate investment trust's stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WY. Proficio Capital Partners LLC acquired a new stake in Weyerhaeuser during the 4th quarter worth approximately $1,693,000. Independent Advisor Alliance lifted its stake in Weyerhaeuser by 12.1% in the fourth quarter. Independent Advisor Alliance now owns 8,709 shares of the real estate investment trust's stock worth $245,000 after acquiring an additional 938 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Weyerhaeuser by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 35,539 shares of the real estate investment trust's stock worth $1,000,000 after purchasing an additional 1,577 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Weyerhaeuser by 9.5% during the 4th quarter. Natixis Advisors LLC now owns 175,250 shares of the real estate investment trust's stock worth $4,933,000 after buying an additional 15,263 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Weyerhaeuser by 9.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 38,375 shares of the real estate investment trust's stock worth $1,080,000 after acquiring an additional 3,343 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

WY stock opened at $25.68 on Friday. The firm has a market cap of $18.62 billion, a P/E ratio of 51.35, a price-to-earnings-growth ratio of 40.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The stock has a 50-day simple moving average of $26.21 and a 200-day simple moving average of $27.72.

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

Weyerhaeuser announced that its Board of Directors has initiated a stock 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 buy 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 Announces Dividend

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 dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser's dividend payout ratio is currently 168.00%.

Wall Street Analyst Weigh In

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

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.

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