Glenmede Trust Co. NA Sells 3,771 Shares of Weyerhaeuser (NYSE:WY)

Glenmede Trust Co. NA lowered its position in Weyerhaeuser (NYSE:WY) by 18.3% in the 3rd quarter, Holdings Channel reports. The fund owned 16,783 shares of the real estate investment trust’s stock after selling 3,771 shares during the quarter. Glenmede Trust Co. NA’s holdings in Weyerhaeuser were worth $568,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC bought a new position in Weyerhaeuser during the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser during the 2nd quarter valued at approximately $27,000. Finally, Bangor Savings Bank increased its position in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

WY has been the subject of a number of analyst reports. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial raised their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Stock Performance

Shares of WY opened at $31.72 on Wednesday. The business’s fifty day simple moving average is $32.11 and its two-hundred day simple moving average is $30.83. 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 has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market cap of $23.05 billion, a price-to-earnings ratio of 42.86 and a beta of 1.40.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.52%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

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.