Moors & Cabot Inc. Sells 2,160 Shares of Weyerhaeuser (NYSE:WY)

Moors & Cabot Inc. lowered its position in Weyerhaeuser (NYSE:WY) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,825 shares of the real estate investment trust’s stock after selling 2,160 shares during the period. Moors & Cabot Inc.’s holdings in Weyerhaeuser were worth $1,890,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WY. Covestor Ltd grew its holdings in Weyerhaeuser by 382.0% during the first quarter. Covestor Ltd now owns 2,487 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 1,971 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Weyerhaeuser by 268.1% in the first quarter. Clearbridge Investments LLC now owns 64,403 shares of the real estate investment trust’s stock worth $2,313,000 after acquiring an additional 46,905 shares during the period. Natixis grew its position in shares of Weyerhaeuser by 1,026.4% during the first quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock worth $2,855,000 after purchasing an additional 72,440 shares in the last quarter. Vident Advisory LLC grew its position in shares of Weyerhaeuser by 268.5% during the first quarter. Vident Advisory LLC now owns 102,181 shares of the real estate investment trust’s stock worth $3,669,000 after purchasing an additional 74,452 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser during the first quarter worth about $270,000. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’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 completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $30.69 on Thursday. The stock has a 50 day moving average of $32.32 and a 200 day moving average of $30.79. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market cap of $22.30 billion, a PE ratio of 41.47 and a beta of 1.40. 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 (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. On average, research analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WY shares. Royal Bank of Canada increased their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Truist Financial increased 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. Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. 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 stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $36.33.

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.