Atria Wealth Solutions Inc. Sells 1,839 Shares of Weyerhaeuser (NYSE:WY)

Atria Wealth Solutions Inc. lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,330 shares of the real estate investment trust’s stock after selling 1,839 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Weyerhaeuser were worth $359,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. SVB Wealth LLC raised its holdings in shares of Weyerhaeuser by 3.2% in the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 351 shares during the last quarter. Montgomery Investment Management Inc. raised its stake in shares of Weyerhaeuser by 1.2% in the third quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock worth $948,000 after purchasing an additional 380 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Weyerhaeuser by 4.1% during the fourth quarter. Bleakley Financial Group LLC now owns 12,149 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 474 shares during the last quarter. Finally, Simplicity Solutions LLC grew its holdings in Weyerhaeuser by 4.1% during the fourth quarter. Simplicity Solutions LLC now owns 12,149 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 474 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WY. BMO Capital Markets lifted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada decreased their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $37.67.

Weyerhaeuser Stock Down 0.8 %

Shares of NYSE WY opened at $30.85 on Wednesday. The business’s fifty day moving average price is $33.61 and its 200-day moving average price is $32.80. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The stock has a market capitalization of $22.49 billion, a PE ratio of 28.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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.