Weyerhaeuser (NYSE:WY) Shares Sold by MTM Investment Management LLC

MTM Investment Management LLC lowered its position in Weyerhaeuser (NYSE:WY) by 16.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,954 shares of the real estate investment trust’s stock after selling 1,362 shares during the quarter. MTM Investment Management LLC’s holdings in Weyerhaeuser were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&G Plc lifted its stake in Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after buying an additional 273,291 shares in the last quarter. Natixis lifted its position in shares of Weyerhaeuser by 1,026.4% in the first quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after acquiring an additional 72,440 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Weyerhaeuser during the first quarter valued at $1,015,000. Clearbridge Investments LLC increased its position in Weyerhaeuser by 268.1% during the 1st quarter. Clearbridge Investments LLC now owns 64,403 shares of the real estate investment trust’s stock worth $2,313,000 after purchasing an additional 46,905 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in Weyerhaeuser by 17.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock worth $2,875,000 after purchasing an additional 14,911 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WY shares. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. DA Davidson decreased 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. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Performance

NYSE:WY opened at $30.68 on Wednesday. The company has a market cap of $22.29 billion, a P/E ratio of 41.45 and a beta of 1.40. The firm’s 50 day moving average is $32.32 and its two-hundred day moving average is $30.79. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was down 13.3% on a year-over-year basis. Analysts expect 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. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares of the company’s stock, valued at $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. Company insiders own 0.30% of the company’s stock.

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.