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

Wealth Enhancement Advisory Services LLC raised its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,630 shares of the real estate investment trust's stock after acquiring an additional 10,556 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Weyerhaeuser were worth $2,045,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. South Plains Financial Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $27,000. Assetmark Inc. lifted its stake in shares of Weyerhaeuser by 290.9% in the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust's stock worth $35,000 after buying an additional 922 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $36,000. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock worth $39,000 after buying an additional 807 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY traded up $0.04 during trading hours on Friday, hitting $26.74. 4,793,266 shares of the company traded hands, compared to its average volume of 3,813,010. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 48.62, a P/E/G 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. The firm has a 50-day moving average of $25.95 and a 200 day moving average of $28.48. Weyerhaeuser has a twelve month low of $24.10 and a twelve month high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser's dividend payout ratio (DPR) is presently 168.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WY. CIBC reduced their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note 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. Citigroup cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Truist Financial cut their target price 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. Finally, JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock 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.