Biechele Royce Advisors Decreases Stake in Weyerhaeuser (NYSE:WY)

Biechele Royce Advisors trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,289 shares of the real estate investment trust’s stock after selling 873 shares during the quarter. Biechele Royce Advisors’ holdings in Weyerhaeuser were worth $552,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Swedbank AB bought a new position in Weyerhaeuser during the 1st quarter worth approximately $106,141,000. Price T Rowe Associates Inc. MD lifted its stake in Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after buying an additional 2,874,101 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after acquiring an additional 2,004,073 shares during the period. M&G Plc acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $60,792,000. Finally, Millennium Management LLC raised its stake in Weyerhaeuser by 512.3% during the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after acquiring an additional 1,308,125 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity

In related news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade 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 insiders.

Weyerhaeuser Stock Up 0.1 %

NYSE:WY traded up $0.02 during mid-day trading on Friday, reaching $31.18. The stock had a trading volume of 3,007,024 shares, compared to its average volume of 3,601,198. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market cap of $22.65 billion, a P/E ratio of 42.14 and a beta of 1.40. The business’s 50 day moving average is $32.14 and its 200 day moving average is $30.79. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. As a group, sell-side analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WY shares. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, Royal Bank of Canada raised their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.33.

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.