Apollon Wealth Management LLC Cuts Stake in Weyerhaeuser Company $WY

Apollon Wealth Management LLC lowered its stake in Weyerhaeuser Company (NYSE:WY) by 6.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,580 shares of the real estate investment trust’s stock after selling 957 shares during the quarter. Apollon Wealth Management LLC’s holdings in Weyerhaeuser were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Comprehensive Money Management Services LLC boosted its holdings in Weyerhaeuser by 5.9% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 82,887 shares of the real estate investment trust’s stock worth $2,129,000 after acquiring an additional 4,650 shares during the period. Aberdeen Group plc lifted its position in shares of Weyerhaeuser by 15.3% during the second quarter. Aberdeen Group plc now owns 1,094,098 shares of the real estate investment trust’s stock worth $27,982,000 after purchasing an additional 144,885 shares in the last quarter. Strong Tower Advisory Services lifted its position in shares of Weyerhaeuser by 6.1% during the second quarter. Strong Tower Advisory Services now owns 85,453 shares of the real estate investment trust’s stock worth $2,195,000 after purchasing an additional 4,893 shares in the last quarter. Callan Family Office LLC purchased a new stake in Weyerhaeuser during the 2nd quarter worth $208,000. Finally, Tectonic Advisors LLC increased its stake in Weyerhaeuser by 26.0% during the 2nd quarter. Tectonic Advisors LLC now owns 19,860 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 4,098 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.2%

Weyerhaeuser stock opened at $23.60 on Friday. The firm’s 50-day moving average is $25.12 and its 200-day moving average is $25.70. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 1 year low of $23.43 and a 1 year high of $33.11. The company has a market cap of $17.02 billion, a P/E ratio of 62.09, a PEG ratio of 248.77 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s payout ratio is currently 221.05%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WY. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Truist Financial cut their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Finally, CIBC dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average price target of $32.63.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

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.