Calamos Advisors LLC Sells 3,177 Shares of Weyerhaeuser (NYSE:WY)

Calamos Advisors LLC trimmed its holdings in Weyerhaeuser (NYSE:WY) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 243,168 shares of the real estate investment trust’s stock after selling 3,177 shares during the quarter. Calamos Advisors LLC’s holdings in Weyerhaeuser were worth $8,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in Weyerhaeuser in the fourth quarter worth $26,000. Eagle Bay Advisors LLC bought a new position in Weyerhaeuser in the second quarter worth $26,000. Millburn Ridgefield Corp bought a new position in Weyerhaeuser in the third quarter worth $25,000. Raleigh Capital Management Inc. lifted its position in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the period. Finally, Tyler Stone Wealth Management bought a new position in Weyerhaeuser in the second quarter worth $36,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $31.47 on Friday. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The firm has a market cap of $22.96 billion, a PE ratio of 27.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The business has a fifty day moving average of $34.11 and a 200-day moving average of $32.66.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 7th. 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 dividend yield of 2.54%. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WY. Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated 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 directly owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by corporate insiders.

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.