Moran Wealth Management LLC Sells 1,439 Shares of Weyerhaeuser (NYSE:WY)

Moran Wealth Management LLC trimmed its stake in shares of Weyerhaeuser (NYSE:WY) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 20,837 shares of the real estate investment trust’s stock after selling 1,439 shares during the quarter. Moran Wealth Management LLC’s holdings in Weyerhaeuser were worth $706,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $106,141,000. Price T Rowe Associates Inc. MD increased its holdings in Weyerhaeuser by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after purchasing an additional 2,004,073 shares in the last quarter. Millennium Management LLC boosted its holdings in Weyerhaeuser by 512.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after purchasing an additional 1,308,125 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Weyerhaeuser by 2,221.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock valued at $39,674,000 after purchasing an additional 1,191,983 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.2 %

WY stock opened at $30.62 on Friday. The company has a market capitalization of $22.25 billion, a PE ratio of 41.37 and a beta of 1.40. 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 has a one year low of $26.73 and a one year high of $36.27. The company’s 50 day moving average price is $32.30 and its two-hundred day moving average price is $30.78.

Weyerhaeuser (NYSE:WY) last posted its quarterly 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 net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Argus raised Weyerhaeuser to a “hold” rating in a research note 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 report on Monday, July 29th. Citigroup lowered their target price 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. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, BMO Capital Markets restated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling

In related news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 79.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

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.