Cerity Partners LLC Increases Stock Holdings in Weyerhaeuser (NYSE:WY)

Cerity Partners LLC raised its position in shares of Weyerhaeuser (NYSE:WY) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,500 shares of the real estate investment trust’s stock after acquiring an additional 12,225 shares during the period. Cerity Partners LLC’s holdings in Weyerhaeuser were worth $3,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WY. Fairfield Bush & CO. purchased a new stake in Weyerhaeuser during the first quarter valued at about $52,000. Cibc World Market Inc. purchased a new stake in Weyerhaeuser during the first quarter valued at about $1,440,000. Dimensional Fund Advisors LP grew its position in Weyerhaeuser by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock valued at $15,730,000 after acquiring an additional 5,984 shares during the period. Candriam Luxembourg S.C.A. grew its position in Weyerhaeuser by 2.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock valued at $1,570,000 after acquiring an additional 1,159 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Weyerhaeuser by 10.3% during the first quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction 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 owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

WY has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. BMO Capital Markets boosted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Trading Down 1.4 %

NYSE:WY opened at $31.52 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The stock has a market cap of $23.00 billion, a price-to-earnings ratio of 27.41 and a beta of 1.43. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The business’s 50-day simple moving average is $34.18 and its 200 day simple moving average is $32.66.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion during 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 for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, sell-side analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders 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 2.54%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is 69.57%.

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.