Mengis Capital Management Inc. Sells 350 Shares of Weyerhaeuser (NYSE:WY)

Mengis Capital Management Inc. decreased its holdings in Weyerhaeuser (NYSE:WY) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,150 shares of the real estate investment trust’s stock after selling 350 shares during the period. Mengis Capital Management Inc.’s holdings in Weyerhaeuser were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WY. Wedmont Private Capital lifted its stake in Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 350 shares in the last quarter. Institute for Wealth Management LLC. lifted its position in shares of Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after buying an additional 366 shares in the last quarter. CWM LLC grew its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after acquiring an additional 402 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in shares of Weyerhaeuser by 6.6% during the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 406 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on WY. Truist Financial boosted their price target 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. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, DA Davidson dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Trading Down 2.1 %

WY opened at $30.68 on Wednesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 41.46 and a beta of 1.40. The stock’s 50 day moving average price is $32.27 and its 200-day moving average price is $30.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. On average, equities analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.61%. Weyerhaeuser’s payout ratio is currently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the business’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 completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at $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 can be accessed through the SEC website. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $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. 0.30% of the stock is currently owned by corporate insiders.

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.