Allworth Financial LP Has $811,000 Stock Position in Weyerhaeuser Company $WY

Allworth Financial LP grew its stake in Weyerhaeuser Company (NYSE:WY) by 304.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,219 shares of the real estate investment trust’s stock after buying an additional 25,748 shares during the quarter. Allworth Financial LP’s holdings in Weyerhaeuser were worth $811,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WY. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $39,000. Optiver Holding B.V. acquired a new position in Weyerhaeuser in the 3rd quarter worth $42,000. Costello Asset Management INC boosted its stake in Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares during the period. Lodestone Wealth Management LLC bought a new position in Weyerhaeuser during the 4th quarter worth about $44,000. Finally, Cromwell Holdings LLC lifted its holdings in shares of Weyerhaeuser by 38.0% in the fourth quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other news, Director Richard Beckwitt acquired 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin O’rourke purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

WY has been the subject of a number of research reports. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Stock Up 0.1%

NYSE:WY opened at $22.89 on Wednesday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $24.02 and its two-hundred day moving average price is $24.17.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.