Weyerhaeuser (NYSE:WY) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lowered its position in shares of Weyerhaeuser (NYSE:WY) by 27.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,153 shares of the real estate investment trust’s stock after selling 1,908 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Weyerhaeuser were worth $147,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC bought a new position in Weyerhaeuser in the 2nd quarter worth about $26,000. American National Bank boosted 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 during the period. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 1st quarter worth approximately $33,000. Park Place Capital Corp increased its position in Weyerhaeuser by 440.5% in the 2nd 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 during the period. Finally, Register Financial Advisors LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, 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.

Weyerhaeuser Stock Up 0.6 %

NYSE WY opened at $33.16 on Friday. The company has a market capitalization of $24.11 billion, a P/E ratio of 30.14 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company’s 50 day simple moving average is $31.13 and its 200 day simple moving average is $31.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58.

Weyerhaeuser (NYSE:WY) last released 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 return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note 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 note on Tuesday, July 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $35.83.

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.