8,882 Shares in Weyerhaeuser Company (NYSE:WY) Acquired by Savvy Advisors Inc.

Savvy Advisors Inc. acquired a new position in Weyerhaeuser Company (NYSE:WY) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 8,882 shares of the real estate investment trust’s stock, valued at approximately $260,000.

Several other institutional investors have also recently bought and sold shares of WY. South Plains Financial Inc. bought a new position in Weyerhaeuser in the 4th quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new position in Weyerhaeuser in the 4th quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $31,000. Costello Asset Management INC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $32,000. Finally, Marshall Investment Management LLC bought a new stake in Weyerhaeuser in the first quarter valued at about $36,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial lowered their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Finally, DA Davidson dropped their price objective on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus target price of $32.88.

Weyerhaeuser Stock Down 0.9%

Shares of Weyerhaeuser stock opened at $25.49 on Monday. The company has a market capitalization of $18.39 billion, a P/E ratio of 67.08, a price-to-earnings-growth ratio of 66.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The business has a 50-day moving average of $26.08 and a two-hundred day moving average of $27.34.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. As a group, equities analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s payout ratio is 221.05%.

Weyerhaeuser announced that its board has approved a stock buyback plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.