Fiduciary Alliance LLC Raises Stock Holdings in Weyerhaeuser Company $WY

Fiduciary Alliance LLC boosted its holdings in Weyerhaeuser Company (NYSE:WY) by 106.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,044 shares of the real estate investment trust’s stock after purchasing an additional 104,701 shares during the period. Fiduciary Alliance LLC’s holdings in Weyerhaeuser were worth $4,916,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Weyerhaeuser during the fourth quarter valued at $39,000. Addison Advisors LLC raised its stake in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the period. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the third quarter valued at $42,000. Bayban purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at $41,000. Finally, Costello Asset Management INC lifted its position in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Citigroup dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Truist Financial cut their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Stock Up 3.6%

Shares of NYSE WY opened at $25.33 on Thursday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.75. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 1.39 and a beta of 0.89. The business has a 50-day moving average of $24.22 and a 200-day moving average of $24.55.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Sell-side analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.