J.W. Cole Advisors Inc. Boosts Holdings in Weyerhaeuser (NYSE:WY)

J.W. Cole Advisors Inc. grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,594 shares of the real estate investment trust’s stock after acquiring an additional 1,138 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Weyerhaeuser were worth $647,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WY. JPMorgan Chase & Co. grew its holdings in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 22.7% in the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after purchasing an additional 3,573,013 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Weyerhaeuser by 4.7% in the third quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after purchasing an additional 532,923 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Weyerhaeuser by 3.5% in the third quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after purchasing an additional 365,241 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Weyerhaeuser by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock worth $239,529,000 after purchasing an additional 95,445 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was 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 of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $31.46 on Tuesday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. The business has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $32.71. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. On average, equities analysts forecast that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Analysts Set New Price Targets

WY has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $38.00.

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.