Sequoia Financial Advisors LLC Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Sequoia Financial Advisors LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 16.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 39,562 shares of the real estate investment trust’s stock after selling 7,664 shares during the period. Sequoia Financial Advisors LLC’s holdings in Weyerhaeuser were worth $1,340,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser during the 3rd quarter valued at about $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the period. Finally, Park Place Capital Corp grew its stake in shares of Weyerhaeuser by 440.5% during 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 purchasing an additional 1,000 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup cut their price objective 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, DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $36.33.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. 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 this link. In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Also, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction dated 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 directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Trading Up 0.9 %

WY stock opened at $32.13 on Friday. 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 company has a market capitalization of $23.37 billion, a price-to-earnings ratio of 31.19 and a beta of 1.40. The business has a 50 day simple moving average of $31.97 and a two-hundred day simple moving average of $30.88.

Weyerhaeuser (NYSE:WY) last posted its quarterly 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 business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser will post 0.48 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.49%. Weyerhaeuser’s payout ratio is 77.67%.

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.