Weyerhaeuser (NYSE:WY) Shares Purchased by Creative Planning

Creative Planning raised its position in shares of Weyerhaeuser (NYSE:WY) by 22.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,099 shares of the real estate investment trust’s stock after buying an additional 13,572 shares during the quarter. Creative Planning’s holdings in Weyerhaeuser were worth $2,509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Procyon Advisors LLC raised its position in shares of Weyerhaeuser by 3.1% during the 3rd quarter. Procyon Advisors LLC now owns 63,109 shares of the real estate investment trust’s stock worth $2,137,000 after purchasing an additional 1,922 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position 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 worth $32,000 after purchasing an additional 928 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $233,000. First Affirmative Financial Network raised its position in shares of Weyerhaeuser by 9.5% during the 3rd quarter. First Affirmative Financial Network now owns 11,762 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 1,020 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Weyerhaeuser by 249.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,157 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 5,107 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of research reports. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. 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 report on Monday, July 29th. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $31.80 on Monday. The stock has a fifty day moving average price of $32.05 and a two-hundred day moving average price of $30.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The firm has a market cap of $23.18 billion, a P/E ratio of 28.91 and a beta of 1.40. Weyerhaeuser has a 1 year low of $26.73 and a 1 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. Research analysts forecast that Weyerhaeuser will post 0.48 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is currently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

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.