Parcion Private Wealth LLC Sells 1,847 Shares of Weyerhaeuser (NYSE:WY)

Parcion Private Wealth LLC lowered its position in shares of Weyerhaeuser (NYSE:WY) by 0.3% in the second quarter, HoldingsChannel reports. The firm owned 566,446 shares of the real estate investment trust’s stock after selling 1,847 shares during the period. Weyerhaeuser makes up approximately 1.5% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 15th biggest holding. Parcion Private Wealth LLC’s holdings in Weyerhaeuser were worth $16,081,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WY shares. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Truist Financial reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $35.83.

Insider Activity

In other news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.6 %

NYSE WY traded up $0.18 during trading on Friday, reaching $30.35. 4,983,630 shares of the stock traded hands, compared to its average volume of 3,571,088. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The firm has a market cap of $22.07 billion, a price-to-earnings ratio of 27.59 and a beta of 1.40. The stock’s 50-day moving average price is $30.03 and its 200 day moving average price is $31.33.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. Analysts predict that Weyerhaeuser will post 0.59 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

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.