Bleakley Financial Group LLC Decreases Stake in Weyerhaeuser (NYSE:WY)

Bleakley Financial Group LLC reduced its stake in shares of Weyerhaeuser (NYSE:WY) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,701 shares of the real estate investment trust’s stock after selling 1,522 shares during the period. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $295,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its position in shares of Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after buying an additional 31,355 shares in the last quarter. M&G Plc boosted its position in shares of Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after buying an additional 273,291 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Weyerhaeuser by 243.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after buying an additional 242,744 shares in the last quarter. Natixis boosted its position in shares of Weyerhaeuser by 1,026.4% in the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock worth $2,855,000 after buying an additional 72,440 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Weyerhaeuser by 52.3% in the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock worth $4,166,000 after buying an additional 39,845 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on WY shares. Royal Bank of Canada upped their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Truist Financial upped their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.33.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.6 %

NYSE WY opened at $31.85 on Thursday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a 50-day moving average of $31.97 and a 200-day moving average of $30.88. 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 cap of $23.22 billion, a P/E ratio of 28.95 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. As a group, equities analysts predict that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

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.