Weyerhaeuser (NYSE:WY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,039 shares of the real estate investment trust’s stock after selling 7,043 shares during the quarter. Blair William & Co. IL’s holdings in Weyerhaeuser were worth $4,061,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after purchasing an additional 10,271,891 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Weyerhaeuser by 3.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock worth $187,351,000 after purchasing an additional 193,087 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after buying an additional 804,650 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Weyerhaeuser by 31.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock worth $90,247,000 after buying an additional 769,149 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on WY. Truist Financial decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $35.83.

Weyerhaeuser Price Performance

Shares of WY stock opened at $33.24 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The company has a market capitalization of $24.23 billion, a PE ratio of 30.22 and a beta of 1.40. The firm’s 50-day moving average is $30.91 and its two-hundred day moving average is $31.20. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The disclosure for this purchase can be found here. Company insiders own 0.27% 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.