World Investment Advisors Makes New Investment in Weyerhaeuser Company (NYSE:WY)

World Investment Advisors purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,818 shares of the real estate investment trust's stock, valued at approximately $1,254,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp raised its holdings in Weyerhaeuser by 36.7% during the 4th 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. Assetmark Inc. lifted its holdings in Weyerhaeuser by 290.9% in the 4th 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 period. Proficio Capital Partners LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $1,693,000. Raymond James Financial Inc. bought a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $26,206,000. Finally, Candriam S.C.A. lifted its stake in Weyerhaeuser by 5.1% in the fourth quarter. Candriam S.C.A. now owns 77,546 shares of the real estate investment trust's stock worth $2,183,000 after acquiring an additional 3,746 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.52 during midday trading on Tuesday, hitting $26.16. The company had a trading volume of 9,423,631 shares, compared to its average volume of 3,974,881. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 52.32, a PEG ratio of 39.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26. The company has a fifty day moving average of $26.20 and a two-hundred day moving average of $27.83. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month 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 (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Weyerhaeuser's revenue for the quarter was down 4.9% compared to the same quarter last year. On average, equities research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's payout ratio is currently 168.00%.

Weyerhaeuser declared that its board has authorized a stock repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in 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 generally a sign that the company's board of directors believes its stock is undervalued.

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.