Sei Investments Co. Has $41.87 Million Stock Position in Weyerhaeuser (NYSE:WY)

Sei Investments Co. trimmed its position in Weyerhaeuser (NYSE:WY) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,474,663 shares of the real estate investment trust’s stock after selling 126,142 shares during the quarter. Sei Investments Co. owned about 0.20% of Weyerhaeuser worth $41,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Weyerhaeuser by 5.9% in 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 buying an additional 2,874,101 shares during the last quarter. Wellington Management Group LLP increased its position in Weyerhaeuser by 53.2% during the fourth 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 acquiring an additional 10,271,891 shares during the period. Allspring Global Investments Holdings LLC increased its position in Weyerhaeuser by 3.0% during the second 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 acquiring an additional 193,087 shares during the period. Principal Financial Group Inc. increased its position in Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after acquiring an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Weyerhaeuser by 31.9% during the second 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 acquiring an additional 769,149 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 0.9 %

WY opened at $33.55 on Tuesday. The firm’s 50-day simple moving average is $31.00 and its 200-day simple moving average is $31.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $24.46 billion, a price-to-earnings ratio of 30.50 and a beta of 1.40.

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

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on WY. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $35.83.

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.