Crestwood Advisors Group LLC Sells 9,782 Shares of Weyerhaeuser (NYSE:WY)

Crestwood Advisors Group LLC reduced its position in Weyerhaeuser (NYSE:WY) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,973 shares of the real estate investment trust’s stock after selling 9,782 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Weyerhaeuser were worth $4,164,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Swedbank AB bought a new stake in Weyerhaeuser during the first quarter valued at approximately $106,141,000. Price T Rowe Associates Inc. MD lifted its position in Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after purchasing an additional 2,874,101 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Weyerhaeuser by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. M&G Plc bought a new stake in Weyerhaeuser during the first quarter valued at approximately $60,792,000. Finally, Millennium Management LLC lifted its position in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after purchasing an additional 1,308,125 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. 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. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Truist Financial lifted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Stock Up 0.5 %

Shares of NYSE WY opened at $31.87 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm’s fifty day moving average is $32.17 and its 200 day moving average is $30.78. The company has a market cap of $23.16 billion, a price-to-earnings ratio of 43.07 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Weyerhaeuser Company 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.