Verdence Capital Advisors LLC Decreases Stock Position in Weyerhaeuser (NYSE:WY)

Verdence Capital Advisors LLC decreased its holdings in Weyerhaeuser (NYSE:WYFree Report) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,134 shares of the real estate investment trust’s stock after selling 5,712 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Weyerhaeuser were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WY. BlackRock Inc. lifted its holdings in Weyerhaeuser by 2.5% in the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock valued at $1,819,535,000 after acquiring an additional 1,484,895 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Weyerhaeuser by 0.3% in 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 purchasing an additional 58,688 shares during the period. Wellington Management Group LLP lifted 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 worth $591,717,000 after purchasing an additional 3,573,013 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 4.7% in the first quarter. Geode Capital Management LLC now owns 17,447,456 shares of the real estate investment trust’s stock worth $526,333,000 after buying an additional 784,256 shares during the last quarter. Finally, Norges Bank bought a new stake in Weyerhaeuser during the fourth quarter valued at approximately $485,095,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $31.47 on Monday. The company has a market cap of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average price is $34.11 and its 200 day moving average price is $32.70.

Weyerhaeuser (NYSE:WYGet Free Report) 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 the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, research analysts forecast that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued 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%.

Analysts Set New Price Targets

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

View Our Latest Analysis on Weyerhaeuser

Insiders Place Their Bets

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s 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 transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, 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. Over the last quarter, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is owned by corporate insiders.

Weyerhaeuser Profile

(Free Report)

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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