Fulton Bank N.A. Sells 400 Shares of Weyerhaeuser (NYSE:WY)

Fulton Bank N.A. trimmed its position in Weyerhaeuser (NYSE:WY) by 6.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,316 shares of the real estate investment trust’s stock after selling 400 shares during the period. Fulton Bank N.A.’s holdings in Weyerhaeuser were worth $227,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WY. SVB Wealth LLC lifted its stake 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 valued at $395,000 after purchasing an additional 351 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Weyerhaeuser by 14.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 420 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares during the period. Kingsview Wealth Management LLC raised its stake in Weyerhaeuser by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,379 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 445 shares during the period. Finally, Intech Investment Management LLC raised its stake in Weyerhaeuser by 3.2% during the 4th quarter. Intech Investment Management LLC now owns 14,743 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 456 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now 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 owned by corporate insiders.

Weyerhaeuser Price Performance

WY stock opened at $29.02 on Friday. The stock has a 50-day moving average price of $30.42 and a two-hundred day moving average price of $32.63. The stock has a market cap of $21.16 billion, a PE ratio of 26.38 and a beta of 1.43. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 1 year low of $28.26 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm 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%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts forecast that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

Analyst Ratings Changes

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

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.