KCM Investment Advisors LLC Buys 924 Shares of Weyerhaeuser (NYSE:WY)

KCM Investment Advisors LLC boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 9.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,278 shares of the real estate investment trust’s stock after purchasing an additional 924 shares during the quarter. KCM Investment Advisors LLC’s holdings in Weyerhaeuser were worth $369,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WY. Norges Bank acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $753,497,000. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after buying an additional 10,271,891 shares during the last quarter. Confluence Investment Management LLC acquired a new position in shares of Weyerhaeuser during the first quarter worth approximately $81,507,000. Principal Financial Group Inc. lifted its holdings in shares of Weyerhaeuser by 145.0% during the first quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock worth $89,479,000 after buying an additional 1,474,806 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $36,237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Weyerhaeuser stock traded down $0.14 during mid-day trading on Monday, hitting $29.14. 437,318 shares of the company were exchanged, compared to its average volume of 3,498,664. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $29.41 and a 200 day moving average of $32.09. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market capitalization of $21.24 billion, a PE ratio of 26.62 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the company posted $0.21 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, sell-side analysts expect that Weyerhaeuser will post 0.93 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.75%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on WY. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada cut their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $37.00.

Insiders Place Their Bets

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now owns 5,790 shares in the company, valued at $170,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.