Weyerhaeuser Company $WY Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in Weyerhaeuser Company (NYSE:WY) by 30.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,099 shares of the real estate investment trust’s stock after selling 26,131 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Weyerhaeuser were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Weyerhaeuser by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after buying an additional 1,374,109 shares during the last quarter. Norges Bank acquired a new position in shares of Weyerhaeuser in the second quarter worth about $600,502,000. OFI Invest Asset Management purchased a new position in Weyerhaeuser in the second quarter valued at about $1,370,000. Prudential Financial Inc. grew its stake in Weyerhaeuser by 7.4% during the 2nd quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock valued at $10,890,000 after purchasing an additional 29,098 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Weyerhaeuser by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock valued at $2,936,848,000 after purchasing an additional 542,912 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.72 on Tuesday. The stock has a market capitalization of $17.10 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 122.96 and a beta of 1.08. The business’s fifty day moving average price is $22.77 and its 200 day moving average price is $24.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on WY shares. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. CIBC reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. DA Davidson decreased their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Monday, November 3rd. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.