Weyerhaeuser (NYSE:WY) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lowered its position in shares of Weyerhaeuser (NYSE:WY) by 12.8% during the third quarter, Holdings Channel reports. The fund owned 122,650 shares of the real estate investment trust’s stock after selling 18,084 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Weyerhaeuser were worth $4,153,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after acquiring an additional 2,874,101 shares during the period. Legal & General Group Plc increased its stake in Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after buying an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC increased 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 valued at $291,306,000 after buying an additional 2,004,073 shares during the period. Principal Financial Group Inc. increased its stake in Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after buying an additional 804,650 shares during the period. Finally, abrdn plc increased its stake in Weyerhaeuser by 4.1% in the 3rd quarter. abrdn plc now owns 3,256,780 shares of the real estate investment trust’s stock valued at $110,161,000 after buying an additional 128,055 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on WY. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup dropped their price objective 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 dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling

In related news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser 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 completion of the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

Weyerhaeuser Stock Performance

Shares of WY opened at $31.73 on Thursday. The company’s fifty day moving average is $32.12 and its 200-day moving average is $30.80. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 42.88 and a beta of 1.40. 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 announced its quarterly earnings results 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. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. Equities analysts expect that Weyerhaeuser will post 0.45 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 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.