Wealth Enhancement Advisory Services LLC Acquires 10,556 Shares of Weyerhaeuser (NYSE:WY)

Wealth Enhancement Advisory Services LLC lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,630 shares of the real estate investment trust's stock after purchasing an additional 10,556 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Weyerhaeuser were worth $2,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WY. Truist Financial Corp lifted its holdings in Weyerhaeuser by 2.8% in 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 in the last quarter. Jones Financial Companies Lllp raised its position in shares of Weyerhaeuser by 36.7% during the fourth quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock valued at $323,000 after buying an additional 3,084 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Weyerhaeuser by 16.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust's stock worth $8,596,000 after buying an additional 42,630 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Weyerhaeuser during the fourth quarter worth $365,000. Finally, Principal Securities Inc. grew its stake in 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 in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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. Truist Financial decreased their target price on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Citigroup cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. CIBC decreased their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. initiated coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price for the company. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.25.

Weyerhaeuser Trading Up 1.0%

Shares of NYSE WY traded up $0.28 during trading hours on Monday, hitting $27.01. 3,325,454 shares of the company traded hands, compared to its average volume of 3,811,066. The company's 50 day moving average price is $25.95 and its 200 day moving average price is $28.46. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. The company has a current ratio of 1.79, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is currently 168.00%.

Weyerhaeuser declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Weyerhaeuser 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.