Weyerhaeuser (NYSE:WY) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 41.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,995 shares of the real estate investment trust’s stock after selling 142,880 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Weyerhaeuser were worth $6,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after acquiring an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after purchasing an additional 1,634,125 shares in the last quarter. FMR LLC lifted its stake in shares of Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock valued at $97,166,000 after purchasing an additional 1,242,972 shares during the period. Barclays PLC boosted its holdings in Weyerhaeuser by 47.1% during the third quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock worth $103,489,000 after buying an additional 1,080,407 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Weyerhaeuser during the fourth quarter valued at $36,237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WY shares. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, Truist Financial reissued a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Stock Performance

NYSE:WY opened at $31.73 on Wednesday. The company has a market cap of $23.15 billion, a P/E ratio of 27.59 and a beta of 1.43. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company’s 50-day moving average price is $34.05 and its 200-day moving average price is $32.72. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, sell-side analysts forecast that Weyerhaeuser will post 1.01 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 69.57%.

Insiders Place Their Bets

In related news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were 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 approximately $6,149,059.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’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 completion of the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,699 shares of company stock valued at $1,455,609. Insiders own 0.30% of the company’s stock.

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.