Weyerhaeuser (NYSE:WY) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of Weyerhaeuser (NYSE:WY) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,425,045 shares of the real estate investment trust’s stock after selling 42,279 shares during the quarter. California Public Employees Retirement System’s holdings in Weyerhaeuser were worth $49,549,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WY. CWM LLC lifted its holdings in shares of Weyerhaeuser by 8.6% during the third quarter. CWM LLC now owns 14,312 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 1,136 shares during the period. IFP Advisors Inc lifted its holdings in shares of Weyerhaeuser by 14.7% during the third quarter. IFP Advisors Inc now owns 9,071 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 1,160 shares during the period. Caprock Group LLC lifted its holdings in shares of Weyerhaeuser by 16.1% during the third quarter. Caprock Group LLC now owns 7,858 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,088 shares during the period. Czech National Bank lifted its holdings in shares of Weyerhaeuser by 47.3% during the third quarter. Czech National Bank now owns 127,719 shares of the real estate investment trust’s stock worth $3,916,000 after purchasing an additional 41,030 shares during the period. Finally, Spirit of America Management Corp NY lifted its holdings in shares of Weyerhaeuser by 26.3% during the third quarter. Spirit of America Management Corp NY now owns 4,800 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,000 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, 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 transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Trading Down 0.3 %

Shares of WY stock opened at $31.46 on Friday. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The stock has a market cap of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. The business has a fifty day simple moving average of $33.98 and a 200-day simple moving average of $32.71. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

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.