Planned Solutions Inc. Acquires Shares of 3,065 Weyerhaeuser (NYSE:WY)

Planned Solutions Inc. acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,065 shares of the real estate investment trust’s stock, valued at approximately $107,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WY. Eagle Bay Advisors LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth $26,000. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser in the third quarter worth about $25,000. Raleigh Capital Management Inc. increased its position in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in shares of Weyerhaeuser in the second quarter valued at $36,000. Finally, Fairfield Bush & CO. purchased a new stake in Weyerhaeuser in the 2nd quarter worth about $40,000. 82.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,273 shares of company stock worth $1,186,703. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. Finally, StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $37.71.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $35.93 on Thursday. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $35.97. The company has a market cap of $26.21 billion, a PE ratio of 31.24 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The business has a 50-day simple moving average of $33.75 and a two-hundred day simple moving average of $32.36.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, equities analysts expect that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 69.57%.

About Weyerhaeuser

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.