Xponance Inc. cut its holdings in Weyerhaeuser (NYSE:WY – Free Report) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,721 shares of the real estate investment trust’s stock after selling 3,728 shares during the period. Xponance Inc.’s holdings in Weyerhaeuser were worth $3,040,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in WY. Aspire Private Capital LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at about $20,437,631,000. Eagle Bay Advisors LLC bought a new stake in Weyerhaeuser in the 2nd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC raised its holdings in shares of Weyerhaeuser by 320.3% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 912 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 695 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $28,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $29,000. 79.54% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on WY shares. Truist Financial increased their price objective on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research note on Monday, July 31st. StockNews.com started coverage on Weyerhaeuser in a research note on Thursday, August 17th. They issued a “hold” rating for the company. SpectralCast reissued a “maintains” rating on shares of Weyerhaeuser in a research report on Wednesday, June 28th. Finally, DA Davidson raised their price target on Weyerhaeuser from $35.00 to $40.00 in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.29.
Weyerhaeuser Stock Up 0.3 %
NYSE:WY opened at $31.28 on Monday. The stock has a fifty day simple moving average of $32.97 and a 200-day simple moving average of $31.27. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.48. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 32.58 and a beta of 1.52. Weyerhaeuser has a twelve month low of $27.36 and a twelve month high of $36.00.
Weyerhaeuser (NYSE:WY – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.11. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The firm’s quarterly revenue was down 36.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 EPS. Analysts anticipate that Weyerhaeuser will post 1.19 EPS for the current year.
Weyerhaeuser Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, August 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 79.17%.
Insiders Place Their Bets
In other news, SVP Denise M. Merle sold 7,500 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.29, for a total transaction of $242,175.00. Following the transaction, the senior vice president now owns 147,601 shares in the company, valued at $4,766,036.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.
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.
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