Blair William & Co. IL Sells 23,241 Shares of Weyerhaeuser Company $WY

Blair William & Co. IL lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 24.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 71,230 shares of the real estate investment trust’s stock after selling 23,241 shares during the period. Blair William & Co. IL’s holdings in Weyerhaeuser were worth $1,830,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in shares of Weyerhaeuser by 232.0% in the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 6,622 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Weyerhaeuser by 23.3% in the first quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 2,967 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Weyerhaeuser by 89.6% in the first quarter. SG Americas Securities LLC now owns 41,257 shares of the real estate investment trust’s stock valued at $1,208,000 after acquiring an additional 19,501 shares in the last quarter. CX Institutional purchased a new position in shares of Weyerhaeuser in the first quarter valued at about $119,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Weyerhaeuser by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock valued at $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $23.89 on Wednesday. Weyerhaeuser Company has a 1 year low of $23.54 and a 1 year high of $33.56. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $25.23 and its two-hundred day simple moving average is $25.79. The company has a market cap of $17.23 billion, a PE ratio of 62.86, a price-to-earnings-growth ratio of 231.58 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WY. CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Truist Financial lowered their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.63.

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.