Premier Fund Managers Ltd Purchases 284,656 Shares of Weyerhaeuser (NYSE:WY)

Premier Fund Managers Ltd increased its position in Weyerhaeuser (NYSE:WY) by 218.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 414,742 shares of the real estate investment trust’s stock after buying an additional 284,656 shares during the period. Premier Fund Managers Ltd’s holdings in Weyerhaeuser were worth $14,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wedmont Private Capital grew its position in shares of Weyerhaeuser by 4.4% during the third 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. grew its holdings in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $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 raised its position in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of Weyerhaeuser by 5.3% in the third quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 414 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Down 1.1 %

Shares of WY stock opened at $30.68 on Wednesday. The company has a market cap of $22.29 billion, a PE ratio of 41.45 and a beta of 1.40. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock’s 50 day simple moving average is $32.32 and its two-hundred day simple moving average is $30.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

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

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WY. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Truist Financial upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.33.

Insider Activity

In related news, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The stock was 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 in the company, valued at approximately $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Albert Monaco bought 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

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.