Fiduciary Alliance LLC Purchases 104,701 Shares of Weyerhaeuser Company $WY

Fiduciary Alliance LLC lifted its holdings in Weyerhaeuser Company (NYSE:WY) by 106.5% during the first quarter, Holdings Channel reports. The institutional investor owned 203,044 shares of the real estate investment trust’s stock after acquiring an additional 104,701 shares during the quarter. Fiduciary Alliance LLC’s holdings in Weyerhaeuser were worth $4,916,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser in the fourth quarter worth about $39,000. Addison Advisors LLC increased its stake in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 757 shares in the last quarter. Bayban purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $41,000. Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser during the third quarter valued at approximately $42,000. Finally, Costello Asset Management INC boosted its position in shares of Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 976 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY opened at $25.33 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. The firm has a market capitalization of $18.26 billion, a P/E ratio of 46.90, a PEG ratio of 1.39 and a beta of 0.89. The business has a fifty day moving average of $24.22 and a 200 day moving average of $24.55.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup cut their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, May 4th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Truist Financial reduced their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.88.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.