Capital Investment Advisors LLC Reduces Position in Weyerhaeuser (NYSE:WY)

Capital Investment Advisors LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WYGet Rating) by 37.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,356 shares of the real estate investment trust’s stock after selling 3,794 shares during the quarter. Capital Investment Advisors LLC’s holdings in Weyerhaeuser were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Coldstream Capital Management Inc. lifted its stake in shares of Weyerhaeuser by 10.7% during the 1st quarter. Coldstream Capital Management Inc. now owns 18,816 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 1,820 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Weyerhaeuser by 67.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,520 shares of the real estate investment trust’s stock worth $511,000 after buying an additional 5,450 shares during the last quarter. US Bancorp DE increased its holdings in shares of Weyerhaeuser by 1.2% in the 1st quarter. US Bancorp DE now owns 602,365 shares of the real estate investment trust’s stock worth $22,830,000 after buying an additional 7,349 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Weyerhaeuser by 8.8% in the 1st quarter. Park Avenue Securities LLC now owns 17,184 shares of the real estate investment trust’s stock worth $651,000 after buying an additional 1,386 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Weyerhaeuser by 11.6% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,058 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 2,289 shares during the last quarter. Hedge funds and other institutional investors own 81.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WY shares. Argus downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Raymond James cut their price target on shares of Weyerhaeuser from $50.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Monday, September 12th. StockNews.com upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Truist Financial began coverage on shares of Weyerhaeuser in a report on Wednesday, June 29th. They set a “hold” rating and a $37.00 price target on the stock. Finally, The Goldman Sachs Group cut their price target on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $41.25.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.71 on Tuesday. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 9.67 and a beta of 1.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.20 and a quick ratio of 2.59. Weyerhaeuser has a 1 year low of $30.42 and a 1 year high of $43.04. The firm has a 50-day moving average of $35.01 and a two-hundred day moving average of $36.98.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings data on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.02). The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Weyerhaeuser had a net margin of 23.10% and a return on equity of 24.49%. Weyerhaeuser’s quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.37 earnings per share. On average, research analysts forecast that Weyerhaeuser will post 3.14 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.18 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.72 annualized dividend and a yield of 2.27%. Weyerhaeuser’s dividend payout ratio (DPR) is 21.95%.

Weyerhaeuser Profile

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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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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