Sequoia Financial Advisors LLC Raises Stake in Weyerhaeuser (NYSE:WY)

Sequoia Financial Advisors LLC lifted its stake in shares of Weyerhaeuser (NYSE:WY) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,128 shares of the real estate investment trust’s stock after buying an additional 2,547 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Weyerhaeuser were worth $2,091,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $26,000. Bernardo Wealth Planning LLC lifted its position in shares of Weyerhaeuser by 24.5% during the 4th quarter. Bernardo Wealth Planning LLC now owns 9,664 shares of the real estate investment trust’s stock worth $336,000 after buying an additional 1,902 shares during the last quarter. Fortem Financial Group LLC lifted its position in shares of Weyerhaeuser by 16.3% during the 4th quarter. Fortem Financial Group LLC now owns 28,600 shares of the real estate investment trust’s stock worth $994,000 after buying an additional 4,000 shares during the last quarter. JLP Asset Management LLC acquired a new position in Weyerhaeuser in the 4th quarter valued at $3,342,000. Finally, Valley National Advisers Inc. increased its stake in Weyerhaeuser by 1,763.8% in the 4th quarter. Valley National Advisers Inc. now owns 4,268 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 4,039 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. 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 note on Friday, March 22nd. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $33.24 on Friday. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $32.62. The firm has a market capitalization of $24.25 billion, a PE ratio of 28.90 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released 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. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. Weyerhaeuser’s payout ratio is currently 69.57%.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock worth $1,455,609 in the last three months. Corporate insiders own 0.27% of the company’s stock.

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.