Weyerhaeuser Company $WY Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in Weyerhaeuser Company (NYSE:WYFree Report) by 12.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,046 shares of the real estate investment trust’s stock after selling 6,331 shares during the quarter. Truist Financial Corp’s holdings in Weyerhaeuser were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $36,000. Finally, Zions Bancorporation National Association UT acquired a new position in Weyerhaeuser in the 1st quarter valued at about $40,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.95 on Monday. The stock has a 50 day moving average price of $25.30 and a 200 day moving average price of $25.84. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 63.03, a price-to-earnings-growth ratio of 210.53 and a beta of 1.05. Weyerhaeuser Company has a 52-week low of $23.92 and a 52-week high of $33.56.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. Research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is 221.05%.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 29th. Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Monday, July 28th. CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Check Out Our Latest Report on Weyerhaeuser

Weyerhaeuser Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WYFree Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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