Cetera Investment Advisers Sells 7,080 Shares of Weyerhaeuser (NYSE:WY)

Cetera Investment Advisers lowered its stake in Weyerhaeuser (NYSE:WY) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 61,908 shares of the real estate investment trust’s stock after selling 7,080 shares during the quarter. Cetera Investment Advisers’ holdings in Weyerhaeuser were worth $1,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Regency Capital Management Inc. DE bought a new position in shares of Weyerhaeuser during the second quarter valued at approximately $430,000. Kimelman & Baird LLC bought a new position in Weyerhaeuser in the second quarter worth $97,000. Quarry LP raised its holdings in Weyerhaeuser by 1,665.8% in the second quarter. Quarry LP now owns 10,948 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 10,328 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Weyerhaeuser by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 63,100 shares of the real estate investment trust’s stock worth $1,791,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Magnolia Capital Advisors LLC bought a new position in Weyerhaeuser in the second quarter worth $1,746,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WY shares. Truist Financial cut their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $35.83.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $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. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Stock Down 1.3 %

WY stock opened at $32.60 on Tuesday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The business’s 50-day moving average is $31.70 and its two-hundred day moving average is $30.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 29.64 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 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.51 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced 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 2.45%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 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.