Weyerhaeuser (NYSE:WY) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of Weyerhaeuser (NYSE:WY) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,111 shares of the real estate investment trust’s stock after selling 13,075 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Weyerhaeuser were worth $5,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in WY. CWM LLC increased its stake in shares of Weyerhaeuser by 8.6% during the third quarter. CWM LLC now owns 14,312 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 1,136 shares during the period. AdvisorNet Financial Inc boosted its holdings in Weyerhaeuser by 570.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 4,583 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 3,899 shares in the last quarter. IFP Advisors Inc increased its position in Weyerhaeuser by 14.7% during the 3rd quarter. IFP Advisors Inc now owns 9,071 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 1,160 shares during the period. HB Wealth Management LLC raised its stake in shares of Weyerhaeuser by 61.6% during the 3rd quarter. HB Wealth Management LLC now owns 18,694 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 7,128 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Weyerhaeuser by 16.1% in the 3rd quarter. Caprock Group LLC now owns 7,858 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,088 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 in the last three months. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Down 0.0 %

Shares of NYSE WY opened at $31.46 on Tuesday. The stock has a fifty day moving average price of $34.07 and a 200 day moving average price of $32.71. The company has a market cap of $22.95 billion, a P/E ratio of 27.36 and a beta of 1.43. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. 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 earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share 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 the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Research analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.54%. Weyerhaeuser’s payout ratio is currently 69.57%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets lifted their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and a consensus target price of $38.00.

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.