Weyerhaeuser (NYSE:WY) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC decreased its position in Weyerhaeuser (NYSE:WY) by 21.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,873 shares of the real estate investment trust’s stock after selling 2,112 shares during the quarter. KCM Investment Advisors LLC’s holdings in Weyerhaeuser were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WY. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the third quarter worth approximately $25,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter worth $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the period. Finally, Park Place Capital Corp increased its stake in Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup cut 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. Finally, Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $30.93 on Friday. The business has a fifty day simple moving average of $32.31 and a 200 day simple moving average of $30.78. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 41.80 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 for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business earned $0.33 EPS. The business’s quarterly revenue was down 13.3% on a year-over-year basis. As a group, sell-side 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 paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Insider Activity

In related news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value 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. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

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.