U.S. Capital Wealth Advisors LLC Makes New $440,000 Investment in Weyerhaeuser (NYSE:WY)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser (NYSE:WY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 15,516 shares of the real estate investment trust’s stock, valued at approximately $440,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WY. Norges Bank bought a new position in shares of Weyerhaeuser in the fourth quarter valued at $753,497,000. Wellington Management Group LLP boosted its position in shares of Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares during the period. Swedbank AB purchased a new position in Weyerhaeuser in the 1st quarter worth about $106,141,000. Price T Rowe Associates Inc. MD raised its holdings in Weyerhaeuser by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after buying an additional 2,874,101 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in shares of Weyerhaeuser in the first quarter worth about $81,507,000. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.42 on Friday, reaching $30.68. The stock had a trading volume of 3,567,488 shares, compared to its average volume of 3,566,313. The company has a market capitalization of $22.37 billion, a P/E ratio of 28.00 and a beta of 1.39. The stock has a fifty day moving average price of $29.47 and a 200-day moving average price of $31.73. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. Research analysts forecast that Weyerhaeuser will post 0.67 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 72.73%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial lowered their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.83.

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.