Kapitalo Investimentos Ltda Sells 5,426 Shares of Weyerhaeuser (NYSE:WY)

Kapitalo Investimentos Ltda reduced its stake in Weyerhaeuser (NYSE:WY) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,040 shares of the real estate investment trust’s stock after selling 5,426 shares during the period. Kapitalo Investimentos Ltda’s holdings in Weyerhaeuser were worth $419,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 728 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 427 shares during the period. Northwest Bank & Trust Co purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $38,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $43,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WY. Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada decreased their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, BMO Capital Markets raised their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $28.87 on Wednesday. The stock’s 50 day simple moving average is $30.70 and its two-hundred day simple moving average is $32.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The stock has a market cap of $21.05 billion, a price-to-earnings ratio of 26.25 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $28.26 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. As a group, analysts expect that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In other news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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.