HB Wealth Management LLC Sells 4,925 Shares of Weyerhaeuser (NYSE:WY)

HB Wealth Management LLC cut its position in shares of Weyerhaeuser (NYSE:WY) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,769 shares of the real estate investment trust’s stock after selling 4,925 shares during the quarter. HB Wealth Management LLC’s holdings in Weyerhaeuser were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in Weyerhaeuser by 2.3% during the 2nd quarter. BlackRock Inc. now owns 61,774,884 shares of the real estate investment trust’s stock worth $2,070,076,000 after acquiring an additional 1,385,408 shares during the period. JPMorgan Chase & Co. increased its stake in Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after acquiring an additional 58,688 shares during the period. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after purchasing an additional 3,573,013 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Weyerhaeuser by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 17,447,456 shares of the real estate investment trust’s stock valued at $526,333,000 after purchasing an additional 784,256 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Weyerhaeuser in the 4th quarter valued at $485,095,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Up 1.4 %

Shares of WY opened at $35.93 on Thursday. The company has a market capitalization of $26.21 billion, a PE ratio of 31.24 and a beta of 1.43. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $35.97. The stock’s 50-day moving average price is $33.75 and its two-hundred day moving average price is $32.36. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is presently 69.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets raised their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. Finally, StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.71.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 923 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $34.57, for a total value of $31,908.11. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $2,096,843.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 approximately $195,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 923 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $34.57, for a total value of $31,908.11. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at $2,096,843.35. The disclosure for this sale can be found here. Insiders sold 35,273 shares of company stock valued at $1,186,703 in the last three months. Corporate insiders own 0.27% of the company’s stock.

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.