American International Group Inc. Has $6.66 Million Holdings in Weyerhaeuser (NYSE:WY)

American International Group Inc. trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 191,447 shares of the real estate investment trust’s stock after selling 4,920 shares during the quarter. American International Group Inc.’s holdings in Weyerhaeuser were worth $6,657,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. Rafferty Asset Management LLC raised its stake in shares of Weyerhaeuser by 4.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 81,640 shares of the real estate investment trust’s stock valued at $2,503,000 after purchasing an additional 3,757 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Weyerhaeuser in the 3rd quarter worth about $1,080,000. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Weyerhaeuser in the 3rd quarter worth about $576,000. FMR LLC increased its stake in Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after acquiring an additional 1,242,972 shares during the last quarter. Finally, CI Investments Inc. increased its stake in Weyerhaeuser by 1,253.3% in the 3rd quarter. CI Investments Inc. now owns 27,567 shares of the real estate investment trust’s stock worth $845,000 after acquiring an additional 25,530 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WY shares. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Royal Bank of Canada decreased their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock 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. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.67.

Weyerhaeuser Trading Down 0.8 %

Shares of WY stock opened at $28.64 on Friday. The stock has a market capitalization of $20.88 billion, a PE ratio of 26.04 and a beta of 1.43. Weyerhaeuser has a 1-year low of $28.26 and a 1-year high of $36.27. The business has a 50-day moving average of $30.50 and a 200 day moving average of $32.64. 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, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. As a group, sell-side analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

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.