Weyerhaeuser (NYSE:WY) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 136.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the real estate investment trust’s stock after buying an additional 807 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Weyerhaeuser were worth $39,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Barclays PLC boosted its stake in shares of Weyerhaeuser by 9.6% during the 3rd quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust’s stock valued at $59,406,000 after buying an additional 153,919 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 44,481 shares of the real estate investment trust’s stock valued at $1,506,000 after buying an additional 2,655 shares during the last quarter. Arvest Bank Trust Division bought a new position in Weyerhaeuser during the third quarter worth $997,000. Wilmington Savings Fund Society FSB bought a new position in Weyerhaeuser during the third quarter worth $1,070,000. Finally, Tidal Investments LLC lifted its stake in Weyerhaeuser by 9.4% during the third quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust’s stock worth $8,741,000 after purchasing an additional 22,178 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WY. JPMorgan Chase & Co. began coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price objective on the stock. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. CIBC reduced their price objective on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 22nd. Finally, Truist Financial reduced their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.75.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $25.56 on Tuesday. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The business’s fifty day moving average price is $28.18 and its two-hundred day moving average price is $29.60. The firm has a market capitalization of $18.55 billion, a PE ratio of 46.47, a P/E/G ratio of 4.74 and a beta of 1.25.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.29%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 152.73%.

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.