Cascade Investment Advisors Inc. Boosts Stake in Weyerhaeuser Company $WY

Cascade Investment Advisors Inc. lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,715 shares of the real estate investment trust’s stock after purchasing an additional 4,395 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Weyerhaeuser were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC increased its position in Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock valued at $584,000 after acquiring an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock valued at $2,171,000 after acquiring an additional 1,524 shares during the last quarter. Farther Finance Advisors LLC increased its position in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after acquiring an additional 17,132 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Weyerhaeuser by 3.3% during the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after acquiring an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on WY shares. DA Davidson reiterated a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 29th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. CIBC reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average price target of $32.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.95 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The business has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $25.84. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 210.53 and a beta of 1.05. Weyerhaeuser Company has a 52 week low of $23.92 and a 52 week high of $33.56.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders 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 dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is 221.05%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser 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.