Weyerhaeuser Company $WY Shares Purchased by Cultivar Capital Inc.

Key Points

• Cultivar Capital Inc. increased its holdings in Weyerhaeuser Company by 67.6% in Q2, purchasing an additional 226,048 shares, making Weyerhaeuser its 4th largest position.
• Weyerhaeuser's earnings report revealed a quarterly EPS of $0.12, exceeding expectations, but revenue of $1.88 billion fell short of analysts' estimates.
• The company announced a $0.21 quarterly dividend, with an annualized yield of 3.4% and a significant dividend payout ratio of 221.05%.

Cultivar Capital Inc. raised its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 67.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,436 shares of the real estate investment trust's stock after acquiring an additional 226,048 shares during the quarter. Weyerhaeuser comprises approximately 10.4% of Cultivar Capital Inc.'s holdings, making the stock its 4th largest position. Cultivar Capital Inc. owned about 0.08% of Weyerhaeuser worth $14,398,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WY. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $27,000. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $31,000. Costello Asset Management INC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WY has been the subject of a number of analyst reports. CIBC reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday. DA Davidson reduced their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Citigroup reduced their price objective 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. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, Truist Financial reduced their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.75.

Weyerhaeuser Price Performance

NYSE:WY opened at $24.94 on Monday. The stock has a market cap of $17.99 billion, a P/E ratio of 65.63, a PEG ratio of 78.75 and a beta of 1.07. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The company has a fifty day moving average price of $25.76 and a 200 day moving average price of $26.58. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by company insiders.

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.

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