Weyerhaeuser (NYSE:WY) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 2.3% during the first quarter, Holdings Channel reports. The firm owned 140,773 shares of the real estate investment trust’s stock after selling 3,287 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Weyerhaeuser were worth $4,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. South Plains Financial Inc. acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $27,000. Assetmark Inc. increased its position in Weyerhaeuser by 290.9% during 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 period. Asset Planning Inc acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $36,000. Finally, TD Waterhouse Canada Inc. increased its position in 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 worth $39,000 after buying an additional 807 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial cut their target price on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. CIBC dropped their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price target on the stock. Finally, The Goldman Sachs Group cut Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.25.

Weyerhaeuser Trading Up 2.1%

Shares of Weyerhaeuser stock opened at $27.59 on Wednesday. Weyerhaeuser has a 52-week low of $24.10 and a 52-week high of $34.03. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The company’s 50-day simple moving average is $25.90 and its 200-day simple moving average is $28.43. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of 50.16, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser’s dividend payout ratio is presently 168.00%.

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.