AE Wealth Management LLC trimmed its stake in Weyerhaeuser (NYSE:WY – Get Rating) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,257 shares of the real estate investment trust’s stock after selling 9,511 shares during the period. AE Wealth Management LLC’s holdings in Weyerhaeuser were worth $2,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC bought a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $223,000. Crossmark Global Holdings Inc. increased its stake in Weyerhaeuser by 34.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 60,021 shares of the real estate investment trust’s stock valued at $2,472,000 after purchasing an additional 15,390 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Weyerhaeuser by 16.8% during the 4th quarter. Capital Investment Advisors LLC now owns 10,147 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 1,460 shares in the last quarter. DNB Asset Management AS increased its stake in Weyerhaeuser by 28.0% during the 4th quarter. DNB Asset Management AS now owns 148,483 shares of the real estate investment trust’s stock valued at $6,115,000 after purchasing an additional 32,470 shares in the last quarter. Finally, Stonnington Group LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at approximately $1,540,000. 82.38% of the stock is owned by institutional investors.
Several analysts have recently commented on WY shares. The Goldman Sachs Group dropped their price objective on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price target on the stock. in a report on Monday, May 2nd. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. Finally, Truist Financial began coverage on shares of Weyerhaeuser in a research report on Wednesday, June 29th. They set a “hold” rating and a $37.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.
In related news, Director Albert Monaco acquired 3,000 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were bought at an average price of $38.43 per share, with a total value of $115,290.00. Following the completion of the acquisition, the director now owns 27,246 shares in the company, valued at $1,047,063.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.
NYSE WY opened at $33.98 on Monday. The firm has a 50 day simple moving average of $37.55 and a 200-day simple moving average of $38.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82. Weyerhaeuser has a one year low of $32.50 and a one year high of $43.04. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 9.47 and a beta of 1.50.
Weyerhaeuser (NYSE:WY – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. Equities analysts predict that Weyerhaeuser will post 3.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.12%. Weyerhaeuser’s payout ratio is currently 20.06%.
About Weyerhaeuser (Get Rating)
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.
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