Weyerhaeuser (NYSE:WY) Position Lowered by First PREMIER Bank

First PREMIER Bank reduced its position in Weyerhaeuser (NYSE:WY) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,326 shares of the real estate investment trust’s stock after selling 1,348 shares during the quarter. First PREMIER Bank’s holdings in Weyerhaeuser were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its holdings in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $26,000. American National Bank grew its holdings in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $33,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 0.1 %

Shares of NYSE:WY opened at $29.04 on Tuesday. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 26.40 and a beta of 1.43. Weyerhaeuser has a 1-year low of $28.26 and a 1-year high of $36.27. The company has a 50 day moving average price of $30.34 and a 200 day moving average price of $32.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company posted $0.21 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

Weyerhaeuser Profile

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.