Asset Management One Co. Ltd. Grows Position in Weyerhaeuser Company (NYSE:WY)

Asset Management One Co. Ltd. raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,335 shares of the real estate investment trust’s stock after purchasing an additional 8,210 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Weyerhaeuser were worth $9,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC increased its position in shares of Weyerhaeuser by 3.3% during the fourth quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 343 shares during the period. Texas Yale Capital Corp. increased its position in shares of Weyerhaeuser by 4.0% during the fourth quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock valued at $279,000 after buying an additional 385 shares during the period. Quadrant Capital Group LLC increased its position in shares of Weyerhaeuser by 13.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock worth $96,000 after purchasing an additional 416 shares during the last quarter. Unison Advisors LLC increased its position in shares of Weyerhaeuser by 0.6% in the fourth quarter. Unison Advisors LLC now owns 68,854 shares of the real estate investment trust’s stock worth $1,938,000 after purchasing an additional 419 shares during the last quarter. Finally, Wahed Invest LLC increased its position in shares of Weyerhaeuser by 2.4% in the fourth quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust’s stock worth $510,000 after purchasing an additional 420 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on WY shares. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. CIBC decreased their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. Citigroup decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a research report on Tuesday, April 8th. They issued an “overweight” rating and a $31.00 price objective on the stock. Finally, Truist Financial decreased their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.25.

Weyerhaeuser Stock Down 1.9%

Shares of NYSE WY opened at $25.83 on Friday. The stock has a market capitalization of $18.74 billion, a P/E ratio of 51.66, a PEG ratio of 34.14 and a beta of 1.16. Weyerhaeuser Company has a one year low of $24.10 and a one year high of $34.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26. The firm’s 50 day simple moving average is $26.08 and its two-hundred day simple moving average is $27.97.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, May 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 168.00%.

Weyerhaeuser announced that its board has authorized a share repurchase plan on Thursday, May 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.