Wealthcare Advisory Partners LLC Takes $78,000 Position in Weyerhaeuser (NYSE:WY)

Wealthcare Advisory Partners LLC bought a new stake in Weyerhaeuser (NYSE:WY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,177 shares of the real estate investment trust’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CAPROCK Group Inc. purchased a new position in Weyerhaeuser during the first quarter worth approximately $216,000. Regentatlantic Capital LLC raised its position in Weyerhaeuser by 7.9% in the first quarter. Regentatlantic Capital LLC now owns 16,474 shares of the real estate investment trust’s stock valued at $586,000 after purchasing an additional 1,213 shares during the period. Roof Eidam & Maycock ADV purchased a new stake in Weyerhaeuser in the first quarter valued at $209,000. Biltmore Wealth Management LLC purchased a new stake in Weyerhaeuser in the first quarter valued at $737,000. Finally, RiverFront Investment Group LLC raised its position in Weyerhaeuser by 6.4% in the first quarter. RiverFront Investment Group LLC now owns 7,044 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 77.46% of the company’s stock.

Shares of NYSE WY opened at $38.31 on Friday. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 93.44 and a beta of 1.96. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.28 and a quick ratio of 1.72. The business has a 50-day moving average of $37.97 and a two-hundred day moving average of $33.74. Weyerhaeuser has a 1 year low of $16.82 and a 1 year high of $41.68.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 29th. The real estate investment trust reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.02). Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 45.0% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser will post 0.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 18th. Shareholders of record on Friday, June 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.77%. Weyerhaeuser’s dividend payout ratio is presently 174.36%.

In other Weyerhaeuser news, CFO Nancy S. Loewe bought 10,000 shares of the company’s stock in a transaction on Wednesday, May 5th. The shares were bought at an average price of $38.56 per share, for a total transaction of $385,600.00. Following the transaction, the chief financial officer now owns 31,627 shares of the company’s stock, valued at approximately $1,219,537.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Adrian M. Blocker sold 129,913 shares of the business’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $39.97, for a total value of $5,192,622.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 230,479 shares of company stock valued at $9,238,449. 0.27% of the stock is owned by company insiders.

WY has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Weyerhaeuser from $29.00 to $34.00 in a research report on Monday, February 1st. BMO Capital Markets lifted their price objective on Weyerhaeuser from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, May 10th. Raymond James raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $37.00 to $50.00 in a research note on Monday, May 3rd. Finally, Stephens reissued an “equal weight” rating and set a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, May 10th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $34.33.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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