Unison Advisors LLC Acquires 687 Shares of Weyerhaeuser (NYSE:WY)

Unison Advisors LLC lifted its position in Weyerhaeuser (NYSE:WY) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,944 shares of the real estate investment trust’s stock after purchasing an additional 687 shares during the period. Unison Advisors LLC’s holdings in Weyerhaeuser were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in WY. Price T Rowe Associates Inc. MD grew its stake in Weyerhaeuser by 5.9% in the 1st 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 acquiring an additional 2,874,101 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 53.2% in the fourth 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 purchasing an additional 10,271,891 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth about $753,497,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 stake in shares of 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 worth $230,043,000 after acquiring an additional 504,714 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.42 on Friday, hitting $30.68. The company’s stock had a trading volume of 3,567,532 shares, compared to its average volume of 3,566,313. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $22.37 billion, a price-to-earnings ratio of 27.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock has a 50 day moving average of $29.48 and a 200-day moving average of $31.69.

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

Weyerhaeuser Dividend Announcement

The company also recently announced 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insiders Place Their Bets

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock 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 report on Tuesday, July 30th. DA Davidson 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 Monday, July 29th. Finally, 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.83.

Weyerhaeuser 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.