PFG Investments LLC Sells 2,592 Shares of Weyerhaeuser (NYSE:WY)

PFG Investments LLC lessened its stake in Weyerhaeuser (NYSE:WY) by 29.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,181 shares of the real estate investment trust’s stock after selling 2,592 shares during the quarter. PFG Investments LLC’s holdings in Weyerhaeuser were worth $209,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WY. Price T Rowe Associates Inc. MD raised its stake in Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after buying an additional 2,874,101 shares during the period. Legal & General Group Plc raised its stake in Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. Principal Financial Group Inc. boosted its position in Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after purchasing an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Weyerhaeuser by 31.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after purchasing an additional 769,149 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the business’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 of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.16 on Friday. The firm has a market cap of $22.66 billion, a PE ratio of 42.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock’s fifty day moving average price is $32.14 and its two-hundred day moving average price is $30.80. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser will post 0.45 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company 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 2.57%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

About Weyerhaeuser

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.