Weyerhaeuser (NYSE:WY) Stock Position Cut by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,683 shares of the real estate investment trust’s stock after selling 632 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Weyerhaeuser were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. Norges Bank bought a new stake in shares of Weyerhaeuser in the 4th quarter worth approximately $753,497,000. Wellington Management Group LLP lifted its position in shares of Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of Weyerhaeuser during the 1st quarter worth $81,507,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Weyerhaeuser in the 4th quarter worth $36,237,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Weyerhaeuser by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock worth $1,682,437,000 after purchasing an additional 888,621 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 0.3 %

Shares of Weyerhaeuser stock traded down $0.07 on Wednesday, hitting $27.41. 371,493 shares of the company traded hands, compared to its average volume of 3,439,502. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12-month low of $27.25 and a 12-month high of $36.27. The company has a 50-day moving average price of $30.00 and a 200 day moving average price of $32.50. The company has a market cap of $19.98 billion, a PE ratio of 24.98 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $0.21 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts predict that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WY shares. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets upped their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada reduced their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $37.67.

Insider Activity

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by 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.