Bleakley Financial Group LLC Trims Holdings in Weyerhaeuser (NYSE:WY)

Bleakley Financial Group LLC reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 14.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,701 shares of the real estate investment trust’s stock after selling 1,522 shares during the period. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Park Avenue Securities LLC boosted its stake in shares of Weyerhaeuser by 3.6% during the 1st quarter. Park Avenue Securities LLC now owns 26,718 shares of the real estate investment trust’s stock valued at $959,000 after buying an additional 917 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $434,000. Wealth Enhancement Advisory Services LLC lifted its stake in Weyerhaeuser by 6.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock worth $2,199,000 after purchasing an additional 3,772 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Weyerhaeuser by 8.2% during the first quarter. 180 Wealth Advisors LLC now owns 20,968 shares of the real estate investment trust’s stock worth $753,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new position in Weyerhaeuser during the first quarter worth $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research 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, the company currently has an average rating of “Hold” and an average target price of $36.33.

Insider Activity

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased 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 directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Albert Monaco bought 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 completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $31.85 on Thursday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The business’s fifty day moving average price is $31.97 and its two-hundred day moving average price is $30.88. The firm has a market capitalization of $23.22 billion, a PE ratio of 28.95 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Announces Dividend

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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

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.