Cultivar Capital Inc. Acquires 38,588 Shares of Weyerhaeuser Company $WY

Cultivar Capital Inc. raised its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 6.3% in the third quarter, Holdings Channel.com reports. The firm owned 653,885 shares of the real estate investment trust’s stock after purchasing an additional 38,588 shares during the period. Weyerhaeuser comprises 7.6% of Cultivar Capital Inc.’s portfolio, making the stock its 5th largest holding. Cultivar Capital Inc.’s holdings in Weyerhaeuser were worth $12,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cohen Capital Management Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter worth $1,407,000. State Street Corp boosted its position in shares of Weyerhaeuser by 3.3% during the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock valued at $821,117,000 after buying an additional 1,106,553 shares during the last quarter. Security National Bank of Sioux City Iowa IA purchased a new position in Weyerhaeuser in the 2nd quarter worth about $57,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Weyerhaeuser by 88.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 34,919 shares of the real estate investment trust’s stock valued at $836,000 after acquiring an additional 16,360 shares during the last quarter. Finally, Nykredit A S purchased a new position in shares of Weyerhaeuser during the second quarter valued at approximately $2,074,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded down $0.07 during trading hours on Wednesday, reaching $18.90. The company’s stock had a trading volume of 8,637,043 shares, compared to its average volume of 6,176,864. The firm has a 50 day moving average price of $22.23 and a 200-day moving average price of $23.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. Weyerhaeuser Company has a one year low of $18.25 and a one year high of $27.75. The stock has a market cap of $13.62 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.13 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.12 EPS. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser Company will post 0.28 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s payout ratio is currently 129.23%.

Analysts Set New Price Targets

A number of research firms recently commented on WY. Seaport Research Partners set a $30.00 price objective on Weyerhaeuser in a research report on Thursday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Finally, Truist Financial cut their price target on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.22.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.