Weyerhaeuser (NYSE:WY) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. reduced its position in shares of Weyerhaeuser (NYSE:WY) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,825 shares of the real estate investment trust’s stock after selling 3,619 shares during the quarter. Financial Security Advisor Inc.’s holdings in Weyerhaeuser were worth $434,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wedmont Private Capital grew its holdings in shares of Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. raised its holdings in shares of Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 366 shares during the last quarter. CWM LLC raised its stake in shares of Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the last quarter. Trust Co. of Toledo NA OH lifted its holdings in shares of Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares during the period. Finally, Jacobi Capital Management LLC grew its position in shares of Weyerhaeuser by 6.6% in the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 406 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

WY has been the subject of several research analyst reports. BMO Capital Markets restated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Up 0.5 %

WY opened at $31.87 on Wednesday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market cap of $23.16 billion, a PE ratio of 43.07 and a beta of 1.40. The stock’s fifty day simple moving average is $32.17 and its 200 day simple moving average is $30.78. 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 released its 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 during 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%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

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.