Weyerhaeuser (NYSE:WY) Shares Sold by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,845 shares of the real estate investment trust’s stock after selling 2,709 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Weyerhaeuser were worth $4,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Legal & General Group Plc grew its position in Weyerhaeuser by 4.6% during the second quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock worth $324,450,000 after buying an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC grew its position in Weyerhaeuser by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after buying an additional 2,004,073 shares during the period. Principal Financial Group Inc. grew its position in Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after buying an additional 804,650 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Weyerhaeuser by 31.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock worth $90,247,000 after buying an additional 769,149 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.9 %

Shares of NYSE WY opened at $32.13 on Friday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $23.37 billion, a PE ratio of 31.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm’s 50-day moving average is $31.97 and its two-hundred day moving average is $30.88.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Equities analysts anticipate that Weyerhaeuser will post 0.48 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial upped their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.33.

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.