Weyerhaeuser (NYSE:WY) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its position in Weyerhaeuser (NYSE:WY) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,291 shares of the real estate investment trust’s stock after purchasing an additional 367 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Weyerhaeuser were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Trust Co boosted its stake in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital boosted its stake in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. boosted its stake 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 valued at $475,000 after purchasing an additional 366 shares during the period. CWM LLC boosted its stake in shares of Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Weyerhaeuser by 0.9% in 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 purchasing an additional 402 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 2.6 %

NYSE WY opened at $30.92 on Wednesday. The company’s fifty day moving average price is $31.94 and its two-hundred day moving average price is $30.85. 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 has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 41.78 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. Weyerhaeuser’s payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WY shares. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Truist Financial increased their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.33.

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.