U S Global Investors Inc. Takes Position in Weyerhaeuser Company (NYSE:WY)

U S Global Investors Inc. acquired a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,000 shares of the real estate investment trust's stock, valued at approximately $381,000.

Several other hedge funds and other institutional investors have also made changes to their positions in WY. Truist Financial Corp grew its stake in shares of Weyerhaeuser by 2.8% in the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Weyerhaeuser in the 4th quarter worth $736,000. Proficio Capital Partners LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth $1,693,000. Argyle Capital Management LLC raised its stake in shares of Weyerhaeuser by 9.9% in the 4th quarter. Argyle Capital Management LLC now owns 71,567 shares of the real estate investment trust's stock worth $2,015,000 after buying an additional 6,446 shares in the last quarter. Finally, Hosking Partners LLP raised its stake in shares of Weyerhaeuser by 28.3% in the 4th quarter. Hosking Partners LLP now owns 48,958 shares of the real estate investment trust's stock worth $1,378,000 after buying an additional 10,804 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.49 during mid-day trading on Friday, reaching $25.83. The company had a trading volume of 10,584,057 shares, compared to its average volume of 3,813,734. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The stock has a market cap of $18.74 billion, a PE ratio of 51.66, a P/E/G ratio of 33.53 and a beta of 1.16. The company has a 50-day moving average price of $26.08 and a two-hundred day moving average price of $27.95. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The business 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 company posted $0.16 earnings per share. Weyerhaeuser's revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 8th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.25%. Weyerhaeuser's dividend payout ratio is 168.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WY. 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. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Citigroup dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They issued an "overweight" rating and a $31.00 price objective on the stock. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $33.25.

About Weyerhaeuser

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.