Weyerhaeuser (NYSE:WY) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its position in shares of Weyerhaeuser (NYSE:WY) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,352 shares of the real estate investment trust’s stock after selling 542 shares during the period. Financial Counselors Inc.’s holdings in Weyerhaeuser were worth $1,229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WY. Millburn Ridgefield Corp acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $25,000. Raleigh Capital Management Inc. grew its holdings in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter worth about $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Weyerhaeuser during the second quarter worth about $26,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser during the second quarter worth about $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.2 %

Shares of WY opened at $33.24 on Friday. The stock has a fifty day moving average of $34.22 and a two-hundred day moving average of $32.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company has a market capitalization of $24.25 billion, a PE ratio of 28.90 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last three months, insiders sold 42,699 shares of company stock worth $1,455,609. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WY. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. Finally, Truist Financial reissued a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $38.00.

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.