Toronto Dominion Bank Sells 60,418 Shares of Weyerhaeuser (NYSE:WY)

Toronto Dominion Bank trimmed its stake in Weyerhaeuser (NYSE:WY) by 12.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,037 shares of the real estate investment trust’s stock after selling 60,418 shares during the period. Toronto Dominion Bank owned about 0.06% of Weyerhaeuser worth $14,868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. EP Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $270,000. Vident Advisory LLC boosted its stake in Weyerhaeuser by 268.5% during the first quarter. Vident Advisory LLC now owns 102,181 shares of the real estate investment trust’s stock worth $3,669,000 after buying an additional 74,452 shares in the last quarter. Shell Asset Management Co. boosted its stake in Weyerhaeuser by 18.2% during the first quarter. Shell Asset Management Co. now owns 108,417 shares of the real estate investment trust’s stock worth $3,893,000 after buying an additional 16,675 shares in the last quarter. Natixis increased its holdings in Weyerhaeuser by 1,026.4% in the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after buying an additional 72,440 shares during the period. Finally, Saturna Capital Corp raised its stake in shares of Weyerhaeuser by 14.3% in the 1st quarter. Saturna Capital Corp now owns 15,494 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 1,940 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on WY shares. Truist Financial decreased their target price on shares of Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, July 16th. Royal Bank of Canada cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded up $1.31 during mid-day trading on Friday, reaching $31.62. 4,898,165 shares of the stock were exchanged, compared to its average volume of 3,514,014. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 28.75 and a beta of 1.39. The firm has a 50-day simple moving average of $29.24 and a 200 day simple moving average of $31.84. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 7.00% and a net margin of 10.57%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the company posted $0.32 earnings per share. Weyerhaeuser’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser will post 0.79 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.20 dividend. 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 2.53%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.