Northeast Investment Management Sells 2,567 Shares of Weyerhaeuser Company $WY

Northeast Investment Management lowered its position in shares of Weyerhaeuser Company (NYSE:WY) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,273 shares of the real estate investment trust’s stock after selling 2,567 shares during the period. Northeast Investment Management’s holdings in Weyerhaeuser were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cidel Asset Management Inc. increased its position in shares of Weyerhaeuser by 6.8% during the second quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 520 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its position in shares of Weyerhaeuser by 0.7% during the second quarter. Chevy Chase Trust Holdings LLC now owns 385,177 shares of the real estate investment trust’s stock valued at $9,895,000 after acquiring an additional 2,553 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Weyerhaeuser by 12.0% during the second quarter. Nordea Investment Management AB now owns 2,276,521 shares of the real estate investment trust’s stock valued at $58,484,000 after acquiring an additional 243,439 shares in the last quarter. Praxis Investment Management Inc. grew its position in Weyerhaeuser by 100.9% in the 2nd quarter. Praxis Investment Management Inc. now owns 41,160 shares of the real estate investment trust’s stock worth $1,057,000 after purchasing an additional 20,670 shares during the period. Finally, Allianz Asset Management GmbH grew its position in Weyerhaeuser by 20.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,475,651 shares of the real estate investment trust’s stock worth $37,909,000 after purchasing an additional 247,496 shares during the period. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WY shares. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. CIBC cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Truist Financial cut their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. cut their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.63.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $23.60 on Monday. Weyerhaeuser Company has a 1 year low of $23.43 and a 1 year high of $33.11. The firm has a fifty day moving average price of $25.12 and a 200-day moving average price of $25.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market cap of $17.02 billion, a price-to-earnings ratio of 62.09, a PEG ratio of 248.14 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s payout ratio is 221.05%.

Weyerhaeuser 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.