Bleakley Financial Group LLC Acquires 21,801 Shares of Weyerhaeuser Company $WY

Bleakley Financial Group LLC raised its holdings in Weyerhaeuser Company (NYSE:WY) by 29.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,810 shares of the real estate investment trust’s stock after buying an additional 21,801 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $2,246,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in 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 position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $42,000. Costello Asset Management INC grew 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 buying an additional 976 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $43,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WY has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Citigroup lowered their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.88.

Weyerhaeuser Stock Performance

Shares of WY opened at $24.50 on Thursday. The business’s fifty day simple moving average is $24.03 and its two-hundred day simple moving average is $24.21. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.86. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 45.37, a P/E/G ratio of 1.35 and a beta of 0.90.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a $0.21 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s payout ratio is currently 155.56%.

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.