Cohen Klingenstein LLC Has $1.15 Million Stake in Weyerhaeuser Company $WY

Cohen Klingenstein LLC reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,687 shares of the real estate investment trust’s stock after selling 3,750 shares during the quarter. Cohen Klingenstein LLC’s holdings in Weyerhaeuser were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DAVENPORT & Co LLC grew its holdings 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 worth $584,000 after purchasing an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Weyerhaeuser by 2.1% in 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 buying an additional 1,524 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Weyerhaeuser by 232.0% in 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 buying an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 17,132 shares during the period. Finally, CX Institutional acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $119,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WY has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a report on Monday. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. CIBC lowered their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Thursday, September 11th. Finally, Truist Financial reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares in the company, valued at $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 owned by corporate insiders.

Weyerhaeuser Price Performance

NYSE:WY opened at $24.98 on Thursday. Weyerhaeuser Company has a 52 week low of $23.98 and a 52 week high of $33.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The firm’s 50-day simple moving average is $25.44 and its 200 day simple moving average is $26.14. The firm has a market cap of $18.03 billion, a price-to-earnings ratio of 65.75, a P/E/G ratio of 123.66 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

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.