Fiduciary Trust Co Has $1.80 Million Position in Weyerhaeuser (NYSE:WY)

Fiduciary Trust Co raised its stake in Weyerhaeuser (NYSE:WY) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,185 shares of the real estate investment trust’s stock after acquiring an additional 331 shares during the period. Fiduciary Trust Co’s holdings in Weyerhaeuser were worth $1,801,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Oakworth Capital Inc. bought a new stake in Weyerhaeuser during the third quarter worth about $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Finally, Park Place Capital Corp raised its position in Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $32.26 on Friday. The stock has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $30.83. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $23.44 billion, a PE ratio of 43.59 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.33 EPS. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. Analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. Weyerhaeuser’s dividend payout ratio is 108.11%.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on 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 directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WY. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Finally, Truist Financial boosted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.33.

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.