Fiduciary Trust Co Has $1.80 Million Stake in Weyerhaeuser (NYSE:WY)

Fiduciary Trust Co grew its holdings in Weyerhaeuser (NYSE:WY) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,185 shares of the real estate investment trust’s stock after purchasing an additional 331 shares during the quarter. Fiduciary Trust Co’s holdings in Weyerhaeuser were worth $1,801,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. M&G Plc raised its holdings in Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after acquiring an additional 273,291 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust’s stock valued at $2,875,000 after purchasing an additional 14,911 shares during the period. Quest Partners LLC lifted its position in shares of Weyerhaeuser by 146.4% during the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock worth $3,272,000 after buying an additional 57,412 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Weyerhaeuser by 5.2% during the second quarter. QRG Capital Management Inc. now owns 397,319 shares of the real estate investment trust’s stock valued at $11,280,000 after acquiring an additional 19,464 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Weyerhaeuser by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after purchasing an additional 454,095 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on WY shares. Truist Financial upped their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.33.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $32.26 on Friday. The firm has a market cap of $23.44 billion, a P/E ratio of 43.59 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm’s 50 day moving average price is $32.18 and its two-hundred day moving average price is $30.83.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.