Captrust Financial Advisors Sells 5,379 Shares of Weyerhaeuser (NYSE:WY)

Captrust Financial Advisors cut its holdings in Weyerhaeuser (NYSE:WY) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 181,229 shares of the real estate investment trust’s stock after selling 5,379 shares during the quarter. Captrust Financial Advisors’ holdings in Weyerhaeuser were worth $6,136,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in shares of Weyerhaeuser by 13.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 84,245 shares of the real estate investment trust’s stock worth $2,853,000 after purchasing an additional 10,095 shares during the last quarter. Waterfront Capital Partners LLC acquired a new position in Weyerhaeuser in the third quarter valued at about $21,152,000. Northwest & Ethical Investments L.P. grew its position in shares of Weyerhaeuser by 2.1% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 145,044 shares of the real estate investment trust’s stock worth $4,911,000 after buying an additional 2,989 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock worth $151,437,000 after buying an additional 3,220,235 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Weyerhaeuser by 25.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 126,566 shares of the real estate investment trust’s stock valued at $4,286,000 after acquiring an additional 25,308 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial lifted 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. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.33.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This 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 this hyperlink. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Down 0.9 %

Shares of WY stock opened at $31.99 on Tuesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month 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. The firm has a fifty day moving average of $32.15 and a 200-day moving average of $30.83. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 43.22 and a beta of 1.40.

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

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

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.