U.S. Capital Wealth Advisors LLC Purchases Shares of 15,516 Weyerhaeuser (NYSE:WY)

U.S. Capital Wealth Advisors LLC purchased a new position in Weyerhaeuser (NYSE:WY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,516 shares of the real estate investment trust’s stock, valued at approximately $440,000.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares in the last quarter. Wellington Management Group LLP grew its position in Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $753,497,000. Charles Schwab Investment Management Inc. grew its holdings in Weyerhaeuser by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock worth $278,550,000 after acquiring an additional 198,789 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Weyerhaeuser by 8.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,406,086 shares of the real estate investment trust’s stock valued at $230,043,000 after acquiring an additional 504,714 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Truist Financial lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Price Performance

WY stock traded down $0.42 during trading on Friday, hitting $30.68. The company had a trading volume of 3,567,488 shares, compared to its average volume of 3,566,313. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm has a market capitalization of $22.37 billion, a price-to-earnings ratio of 28.00 and a beta of 1.39. The business has a 50 day moving average of $29.47 and a 200 day moving average of $31.73. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $0.32 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser will post 0.67 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.61%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Activity

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate 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.