Diversify Wealth Management LLC Takes Position in Weyerhaeuser Company $WY

Diversify Wealth Management LLC acquired a new stake in shares of Weyerhaeuser Company (NYSE:WY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 21,275 shares of the real estate investment trust’s stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $39,000. Addison Advisors LLC grew its holdings in shares of Weyerhaeuser by 83.4% during the 4th 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 during the last quarter. Bayban bought a new position in shares of Weyerhaeuser during the 4th quarter valued at $41,000. Costello Asset Management INC raised its position in 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 during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in Weyerhaeuser in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY opened at $24.46 on Friday. The stock has a market capitalization of $17.64 billion, a PE ratio of 45.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The stock’s 50 day moving average price is $23.99 and its 200-day moving average price is $24.62. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $0.11 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts predict that Weyerhaeuser Company will post 0.31 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Friday, June 5th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Wall Street Analyst Weigh In

WY has been the subject of several analyst reports. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. boosted their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Profile

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.