Weyerhaeuser (NYSE:WY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Weyerhaeuser (NYSE:WY) by 4.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,039 shares of the real estate investment trust’s stock after selling 7,043 shares during the period. Blair William & Co. IL’s holdings in Weyerhaeuser were worth $4,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WY. Ridgewood Investments LLC purchased a new stake in Weyerhaeuser during the 2nd quarter worth about $26,000. American National Bank grew its position in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth approximately $33,000. Park Place Capital Corp raised its holdings in Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Weyerhaeuser in the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Royal Bank of Canada raised their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Stock Down 1.0 %

Weyerhaeuser stock opened at $33.24 on Friday. The company has a market capitalization of $24.23 billion, a P/E ratio of 30.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a 50-day simple moving average of $30.91 and a 200-day simple moving average of $31.20.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Equities research analysts expect that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The disclosure for this purchase can be found here. 0.27% of the stock is currently 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.