Hyman Charles D Trims Holdings in Weyerhaeuser (NYSE:WY)

Hyman Charles D lessened its stake in Weyerhaeuser (NYSE:WY) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 96,329 shares of the real estate investment trust’s stock after selling 1,903 shares during the quarter. Hyman Charles D’s holdings in Weyerhaeuser were worth $3,349,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its holdings in shares of Weyerhaeuser by 11.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,278 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 1,035 shares during the last quarter. Mackenzie Financial Corp increased its stake in Weyerhaeuser by 0.7% during the third quarter. Mackenzie Financial Corp now owns 92,093 shares of the real estate investment trust’s stock valued at $2,717,000 after purchasing an additional 614 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Weyerhaeuser by 9.4% during the third quarter. Brighton Jones LLC now owns 8,349 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 719 shares during the period. Strs Ohio lifted its position in shares of Weyerhaeuser by 63.5% in the 3rd quarter. Strs Ohio now owns 930,176 shares of the real estate investment trust’s stock worth $28,519,000 after buying an additional 361,176 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Weyerhaeuser by 1.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 139,156 shares of the real estate investment trust’s stock valued at $4,267,000 after buying an additional 1,650 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Price Performance

WY stock traded down $0.23 during trading on Tuesday, hitting $30.85. The company had a trading volume of 2,935,182 shares, compared to its average volume of 3,442,813. The firm has a market capitalization of $22.49 billion, a price-to-earnings ratio of 28.04 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $33.61 and a 200 day moving average of $32.80. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.21 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

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.