Hyman Charles D Sells 1,039 Shares of Weyerhaeuser (NYSE:WY)

Hyman Charles D decreased its position in shares of Weyerhaeuser (NYSE:WY) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,802 shares of the real estate investment trust’s stock after selling 1,039 shares during the period. Hyman Charles D’s holdings in Weyerhaeuser were worth $2,691,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in WY. State Board of Administration of Florida Retirement System boosted its holdings in shares of Weyerhaeuser by 3.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after purchasing an additional 31,355 shares during the period. Slagle Financial LLC grew its holdings in shares of Weyerhaeuser by 101.7% during the 4th quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock worth $3,973,000 after acquiring an additional 57,608 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Weyerhaeuser by 1,548.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock valued at $2,776,000 after purchasing an additional 75,007 shares in the last quarter. M&G Plc lifted its position in Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after acquiring an additional 273,291 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Weyerhaeuser by 243.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after purchasing an additional 242,744 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded down $0.28 on Monday, hitting $31.08. 2,709,499 shares of the company’s stock were exchanged, compared to its average volume of 3,561,899. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a 50-day simple moving average of $29.71 and a 200-day simple moving average of $31.48. The stock has a market capitalization of $22.66 billion, a PE ratio of 28.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser will post 0.59 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insiders Place Their Bets

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $35.83.

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.