O Shaughnessy Asset Management LLC Sells 548,562 Shares of Weyerhaeuser (NYSE:WY)

O Shaughnessy Asset Management LLC lowered its position in shares of Weyerhaeuser (NYSE:WY) by 87.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,709 shares of the real estate investment trust’s stock after selling 548,562 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Weyerhaeuser were worth $2,898,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in 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 last quarter. Wellington Management Group LLP increased its holdings in shares of Weyerhaeuser by 53.2% in the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after buying an additional 10,271,891 shares during the period. Norges Bank purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $753,497,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Weyerhaeuser by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock worth $278,550,000 after buying an additional 198,789 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Weyerhaeuser by 8.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,406,086 shares of the real estate investment trust’s stock worth $230,043,000 after buying an additional 504,714 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.3 %

NYSE:WY traded down $0.39 during mid-day trading on Wednesday, reaching $29.87. 3,177,446 shares of the company’s stock traded hands, compared to its average volume of 3,505,451. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 27.51 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The company has a 50 day moving average price of $29.28 and a 200-day moving average price of $31.88.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Weyerhaeuser’s revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser will post 0.79 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

WY has been the topic of several analyst reports. Truist Financial decreased their price objective on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada decreased their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $36.00.

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.