B. Riley Wealth Advisors Inc. Has $1.71 Million Stake in Weyerhaeuser (NYSE:WY)

B. Riley Wealth Advisors Inc. trimmed its holdings in Weyerhaeuser (NYSE:WY) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 49,248 shares of the real estate investment trust’s stock after selling 14,528 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Weyerhaeuser were worth $1,712,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in WY. Cary Street Partners Investment Advisory LLC raised its position in Weyerhaeuser by 15.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 875 shares in the last quarter. Public Sector Pension Investment Board grew its position in Weyerhaeuser by 5.7% in the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock valued at $4,568,000 after acquiring an additional 8,031 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Weyerhaeuser during the fourth quarter worth about $36,237,000. Public Employees Retirement System of Ohio raised its stake in Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after acquiring an additional 96,900 shares in the last quarter. Finally, Cullen Investment Group LTD. bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $1,843,000. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on WY. Royal Bank of Canada decreased their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.67.

Weyerhaeuser Trading Down 1.0 %

Shares of NYSE WY opened at $28.87 on Wednesday. The firm has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $32.69. The stock has a market cap of $21.05 billion, a P/E ratio of 26.25 and a beta of 1.43. Weyerhaeuser has a 52-week low of $28.26 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, equities analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of the business’s 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 transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Weyerhaeuser Company 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.