River Global Investors LLP Sells 7,876 Shares of Weyerhaeuser (NYSE:WY)

River Global Investors LLP cut its stake in shares of Weyerhaeuser (NYSE:WY) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,552 shares of the real estate investment trust’s stock after selling 7,876 shares during the period. River Global Investors LLP’s holdings in Weyerhaeuser were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Millburn Ridgefield Corp bought a new stake in Weyerhaeuser in the third quarter worth $25,000. Raleigh Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in Weyerhaeuser during the 4th quarter valued at about $26,000. Lindbrook Capital LLC grew its holdings in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares during the last quarter. Finally, Rational Advisors LLC purchased a new stake in Weyerhaeuser in the 3rd quarter worth about $40,000. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on WY. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada reduced their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets upped their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $37.67.

Insiders Place Their Bets

In other news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Stock Up 0.3 %

Shares of Weyerhaeuser stock traded up $0.08 during trading on Friday, hitting $31.09. 4,582,781 shares of the stock traded hands, compared to its average volume of 3,198,433. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The stock’s fifty day simple moving average is $33.73 and its 200 day simple moving average is $32.73. The firm has a market cap of $22.67 billion, a P/E ratio of 28.26 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.20 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. Weyerhaeuser’s payout ratio is 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.