Weyerhaeuser (NYSE:WY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,189 shares of the real estate investment trust’s stock after selling 3,681 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Weyerhaeuser were worth $5,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter valued at approximately $26,000. American National Bank lifted its position in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at about $33,000. Park Place Capital Corp grew 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 buying an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in Weyerhaeuser during the first quarter worth about $36,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Citigroup reduced 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.83.

Insider Activity

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 shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was bought 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 $2,219,381.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 1.0 %

Weyerhaeuser stock opened at $33.24 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. 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 stock has a market capitalization of $24.23 billion, a PE ratio of 30.22 and a beta of 1.40. The firm has a 50 day simple moving average of $30.91 and a 200-day simple moving average of $31.20.

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

Weyerhaeuser Announces Dividend

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

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.