Weyerhaeuser Company (NYSE:WY) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC cut its stake in shares of Weyerhaeuser Company (NYSE:WY) by 43.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,712 shares of the real estate investment trust’s stock after selling 2,850 shares during the quarter. Compass Wealth Management LLC’s holdings in Weyerhaeuser were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. South Plains Financial Inc. acquired a new position in Weyerhaeuser in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter worth $31,000. Assetmark Inc. grew its holdings in shares of Weyerhaeuser by 290.9% during the fourth quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 922 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 807 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 1.1%

WY stock opened at $26.41 on Friday. The firm has a market cap of $19.15 billion, a PE ratio of 52.81, a PEG ratio of 39.23 and a beta of 1.14. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The company has a fifty day simple moving average of $26.19 and a 200 day simple moving average of $27.84. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.18%. Weyerhaeuser’s payout ratio is currently 168.00%.

Weyerhaeuser announced that its Board of Directors has authorized a share buyback program on Thursday, May 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WY shares. Citigroup decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, June 3rd. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a 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. CIBC cut their target price on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, July 1st. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.13.

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.