J.W. Cole Advisors Inc. Grows Position in Weyerhaeuser (NYSE:WY)

J.W. Cole Advisors Inc. increased its position in shares of Weyerhaeuser (NYSE:WY) by 6.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,594 shares of the real estate investment trust’s stock after purchasing an additional 1,138 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Weyerhaeuser were worth $647,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WY. SVB Wealth LLC boosted its position in Weyerhaeuser by 3.2% in the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after buying an additional 351 shares during the period. Home Federal Bank of Tennessee boosted its position in Weyerhaeuser by 1.0% in the 3rd quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 355 shares during the period. Xponance Inc. boosted its position in Weyerhaeuser by 0.4% in the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 380 shares during the period. Montgomery Investment Management Inc. boosted its position in Weyerhaeuser by 1.2% in the 3rd quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock valued at $948,000 after buying an additional 380 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in Weyerhaeuser by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 12,149 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 474 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 0.0 %

NYSE:WY opened at $31.46 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The firm has a market cap of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. The firm has a 50-day simple moving average of $34.07 and a 200-day simple moving average of $32.71. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. Equities analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 69.57%.

Insider Buying and Selling

In related news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted 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. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.00.

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.