Wealth Care LLC Takes Position in Weyerhaeuser Company $WY

Wealth Care LLC bought a new position in Weyerhaeuser Company (NYSE:WY) during the 1st quarter, Holdings Channel reports. The fund bought 47,733 shares of the real estate investment trust’s stock, valued at approximately $1,166,000. Weyerhaeuser accounts for about 1.0% of Wealth Care LLC’s holdings, making the stock its 20th largest position.

A number of other hedge funds also recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $39,000. Addison Advisors LLC grew its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the last quarter. Bayban purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $41,000. Costello Asset Management INC increased its stake in shares of Weyerhaeuser by 118.9% during the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on WY shares. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Trading Down 2.7%

WY opened at $23.95 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.75. The stock has a market cap of $17.27 billion, a PE ratio of 44.35, a PEG ratio of 1.40 and a beta of 0.89. The business has a 50 day moving average of $24.25 and a 200-day moving average of $24.63.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities research analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.