Weyerhaeuser (NYSE:WY) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,236 shares of the real estate investment trust’s stock after selling 2,884 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Weyerhaeuser were worth $3,953,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WY. Larson Financial Group LLC increased its stake in Weyerhaeuser by 0.8% in the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after purchasing an additional 348 shares during the last quarter. Institute for Wealth Management LLC. boosted its holdings in shares of Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 366 shares during the period. WASHINGTON TRUST Co grew its position in shares of Weyerhaeuser by 23.4% during the first quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 383 shares during the last quarter. Jacobi Capital Management LLC raised its position in Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 406 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Weyerhaeuser by 14.0% during the 4th quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 420 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $30.49 on Friday. The firm has a 50 day moving average of $29.81 and a 200-day moving average of $31.45. The company has a market cap of $22.23 billion, a price-to-earnings ratio of 27.72 and a beta of 1.39. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.62%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WY. DA Davidson decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Truist Financial decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $35.83.

Insiders Place Their Bets

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now owns 5,790 shares in the company, valued at $170,226. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were acquired 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 $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

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.