Weyerhaeuser Company $WY Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in Weyerhaeuser Company (NYSE:WY) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,919,006 shares of the real estate investment trust’s stock after selling 279,656 shares during the period. Sei Investments Co.’s holdings in Weyerhaeuser were worth $71,312,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC grew its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the last quarter. Bayban purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at $41,000. Costello Asset Management INC raised its stake in Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in Weyerhaeuser during the 4th quarter worth $43,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WY. Truist Financial reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 target price on shares of Weyerhaeuser in a report on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $23.97 on Friday. The company has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $24.62. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser Company will post 0.3 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

About Weyerhaeuser

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.