Wealth Enhancement Advisory Services LLC Buys 3,772 Shares of Weyerhaeuser (NYSE:WY)

Wealth Enhancement Advisory Services LLC raised its stake in Weyerhaeuser (NYSE:WY) by 6.6% in the first quarter, Holdings Channel.com reports. The firm owned 61,241 shares of the real estate investment trust’s stock after acquiring an additional 3,772 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Weyerhaeuser were worth $2,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of WY. Raleigh Capital Management Inc. increased its position in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $26,000. American National Bank increased its position in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth about $33,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Down 1.6 %

Shares of NYSE WY opened at $27.05 on Friday. The firm has a market capitalization of $19.72 billion, a PE ratio of 24.59 and a beta of 1.39. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 1 year low of $26.98 and a 1 year high of $36.27. The firm’s 50-day moving average is $29.82 and its 200-day moving average is $32.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities analysts expect that Weyerhaeuser will post 0.99 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WY shares. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial restated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada lowered their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.67.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser 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 owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Weyerhaeuser Company 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.