Marshall Investment Management LLC Makes New $36,000 Investment in Weyerhaeuser Company (NYSE:WY)

Marshall Investment Management LLC acquired a new position in Weyerhaeuser Company (NYSE:WY) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,233 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Other hedge funds have also added to or reduced their stakes in the company. South Plains Financial Inc. purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at approximately $31,000. TD Waterhouse Canada Inc. grew its stake in Weyerhaeuser by 136.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 807 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Weyerhaeuser during the first quarter valued at approximately $70,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 2.3%

Shares of WY opened at $25.87 on Tuesday. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 68.08, a PEG ratio of 57.18 and a beta of 1.14. 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 fifty-two week low of $24.10 and a fifty-two week high of $34.03. The firm has a 50 day moving average price of $26.11 and a 200-day moving average price of $27.61.

Weyerhaeuser (NYSE:WY) last announced 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 net margin of 3.97% and a return on equity of 2.95%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. As a group, equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its board has approved a share buyback plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a yield of 3.25%. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson reduced their price objective on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.88.

About Weyerhaeuser

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.