Bokf Na Sells 7,750 Shares of Weyerhaeuser (NYSE:WY)

Bokf Na decreased its position in shares of Weyerhaeuser (NYSE:WY) by 17.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,127 shares of the real estate investment trust’s stock after selling 7,750 shares during the quarter. Bokf Na’s holdings in Weyerhaeuser were worth $1,026,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $26,000. American National Bank boosted its stake in Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth $33,000. Park Place Capital Corp raised its position in shares of Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $36,000. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WY has been the subject of a number of analyst reports. DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup lowered their target price 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. Finally, Truist Financial cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.83.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 3.3 %

WY opened at $32.45 on Monday. The stock has a market capitalization of $23.60 billion, a P/E ratio of 29.50 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm’s fifty day simple moving average is $30.42 and its 200 day simple moving average is $31.23.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results 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 firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, research analysts anticipate that Weyerhaeuser will post 0.52 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 2.47%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 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.