Unison Advisors LLC Purchases 687 Shares of Weyerhaeuser (NYSE:WY)

Unison Advisors LLC increased its position in Weyerhaeuser (NYSE:WY) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,944 shares of the real estate investment trust’s stock after acquiring an additional 687 shares during the quarter. Unison Advisors LLC’s holdings in Weyerhaeuser were worth $1,929,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth $26,000. American National Bank lifted its holdings in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the period. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the 1st quarter worth about $33,000. Finally, Park Place Capital Corp lifted its holdings in shares of Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.4 %

Shares of WY traded down $0.42 during mid-day trading on Friday, hitting $30.68. 3,567,532 shares of the company’s stock were exchanged, compared to its average volume of 3,566,313. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a 50-day simple moving average of $29.48 and a 200 day simple moving average of $31.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The company has a market cap of $22.37 billion, a PE ratio of 27.89 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released 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). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser will post 0.67 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Company 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.