Naviter Wealth LLC Has $1.18 Million Position in Weyerhaeuser Company $WY

Naviter Wealth LLC grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 8.2% in the second quarter, Holdings Channel reports. The institutional investor owned 45,887 shares of the real estate investment trust’s stock after purchasing an additional 3,472 shares during the period. Naviter Wealth LLC’s holdings in Weyerhaeuser were worth $1,179,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WY. Nuveen LLC bought a new position in Weyerhaeuser during the first quarter worth about $107,330,000. Millennium Management LLC increased its holdings in shares of Weyerhaeuser by 2,952.7% during the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after buying an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Weyerhaeuser by 63.9% during the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock worth $212,733,000 after buying an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP acquired a new stake in shares of Weyerhaeuser during the first quarter worth approximately $55,429,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Weyerhaeuser during the first quarter worth approximately $53,061,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. CIBC lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.63.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $23.89 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The firm has a market cap of $17.23 billion, a P/E ratio of 62.86, a P/E/G ratio of 231.58 and a beta of 1.05. The firm has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $25.79. Weyerhaeuser Company has a fifty-two week low of $23.54 and a fifty-two week high of $33.56.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

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.