Weyerhaeuser (NYSE:WY) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 247,240 shares of the real estate investment trust’s stock after selling 6,501 shares during the quarter. D.A. Davidson & CO.’s holdings in Weyerhaeuser were worth $7,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Montag A & Associates Inc. grew its position in shares of Weyerhaeuser by 0.9% during the second quarter. Montag A & Associates Inc. now owns 71,702 shares of the real estate investment trust’s stock worth $2,036,000 after acquiring an additional 643 shares during the last quarter. Catalytic Wealth RIA LLC purchased a new position in shares of Weyerhaeuser during the second quarter worth approximately $204,000. Rothschild Investment LLC purchased a new position in Weyerhaeuser in the 2nd quarter valued at $54,000. Pine Valley Investments Ltd Liability Co grew its position in Weyerhaeuser by 8.8% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 41,826 shares of the real estate investment trust’s stock valued at $1,187,000 after buying an additional 3,384 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Weyerhaeuser in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $30.49 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The business has a fifty day moving average of $29.87 and a 200-day moving average of $31.39. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 27.72 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser will post 0.59 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.62%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity at Weyerhaeuser

In other news, 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 directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Albert Monaco bought 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WY has been the topic of a number of analyst reports. DA Davidson lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Royal Bank of Canada lifted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $35.83.

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.