Weyerhaeuser Company $WY Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,423 shares of the real estate investment trust’s stock after selling 3,231 shares during the period. Wealthfront Advisers LLC’s holdings in Weyerhaeuser were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of WY. Nuveen LLC acquired a new stake in Weyerhaeuser during the 1st quarter valued at approximately $107,330,000. Millennium Management LLC boosted its stake in shares of Weyerhaeuser by 2,952.7% in the first quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after buying an additional 3,027,823 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Weyerhaeuser by 63.9% in the first quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock worth $212,733,000 after buying an additional 2,833,288 shares during the last quarter. Clean Energy Transition LLP purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $55,429,000. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Weyerhaeuser in the first quarter worth about $53,061,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is owned by insiders.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $23.47 on Friday. The business has a 50 day simple moving average of $24.71 and a two-hundred day simple moving average of $25.53. Weyerhaeuser Company has a 12 month low of $22.97 and a 12 month high of $32.70. The stock has a market capitalization of $16.93 billion, a P/E ratio of 61.76, a PEG ratio of 244.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WY shares. Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Citigroup lowered their target price on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday. CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. DA Davidson restated a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. Finally, Truist Financial lowered their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.25.

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.