Callan Family Office LLC Invests $208,000 in Weyerhaeuser Company $WY

Callan Family Office LLC bought a new position in shares of Weyerhaeuser Company (NYSE:WY) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,092 shares of the real estate investment trust’s stock, valued at approximately $208,000.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Weyerhaeuser by 0.3% during the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust’s stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the period. Wellington Management Group LLP increased its holdings in shares of Weyerhaeuser by 0.5% during the first quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust’s stock worth $1,047,234,000 after purchasing an additional 193,854 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Weyerhaeuser by 3.8% during the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust’s stock worth $349,368,000 after purchasing an additional 440,163 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 1.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust’s stock worth $267,561,000 after purchasing an additional 151,929 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Weyerhaeuser by 2.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,065,565 shares of the real estate investment trust’s stock worth $264,171,000 after purchasing an additional 213,062 shares during the period. 82.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WY shares. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. CIBC decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $32.63.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $23.60 on Friday. The firm has a market cap of $17.02 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 248.77 and a beta of 1.05. The firm’s fifty day moving average is $25.12 and its 200-day moving average is $25.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 52 week low of $23.43 and a 52 week high of $33.11.

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

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s payout ratio is 221.05%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.27% of the company’s stock.

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.