Wealth Care LLC Buys Shares of 47,733 Weyerhaeuser Company $WY

Wealth Care LLC purchased a new position in Weyerhaeuser Company (NYSE:WY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 47,733 shares of the real estate investment trust’s stock, valued at approximately $1,166,000. Weyerhaeuser makes up approximately 1.0% of Wealth Care LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors have also recently made changes to their positions in WY. Goldman Sachs Group Inc. increased its stake in Weyerhaeuser by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after acquiring an additional 346,571 shares during the last quarter. Empowered Funds LLC lifted its stake in Weyerhaeuser by 3.4% during the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after purchasing an additional 1,498 shares during the last quarter. Intech Investment Management LLC lifted its stake in Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth about $275,000. Finally, Bank of Nova Scotia boosted its holdings in shares of Weyerhaeuser by 10.2% in the 2nd quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after purchasing an additional 8,500 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 2.7%

WY opened at $23.95 on Wednesday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.75. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $24.25 and its 200-day moving average price is $24.63. The company has a market cap of $17.27 billion, a P/E ratio of 44.35, a P/E/G ratio of 1.40 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.Weyerhaeuser’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.11 EPS. On average, equities analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Analysts Set New Price Targets

WY has been the topic of a number of research reports. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.00.

About Weyerhaeuser

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.