Essex LLC Sells 440 Shares of Weyerhaeuser (NYSE:WY)

Essex LLC trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,725 shares of the real estate investment trust’s stock after selling 440 shares during the quarter. Essex LLC’s holdings in Weyerhaeuser were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Price T Rowe Associates Inc. MD grew its position in shares of Weyerhaeuser by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after purchasing an additional 2,874,101 shares during the period. Legal & General Group Plc increased its position in shares of 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 acquiring an additional 503,059 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Weyerhaeuser by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock worth $187,351,000 after acquiring an additional 193,087 shares during the period. Principal Financial Group Inc. lifted its position in Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after acquiring an additional 804,650 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Weyerhaeuser by 31.9% in the 2nd 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 purchasing an additional 769,149 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity

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

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $33.06 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The stock has a 50 day moving average price of $31.86 and a 200 day moving average price of $30.94. The stock has a market capitalization of $24.05 billion, a PE ratio of 32.10 and a beta of 1.40. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

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

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 77.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WY shares. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. DA Davidson dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Royal Bank of Canada boosted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial boosted their price objective 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. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $36.33.

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.