Weyerhaeuser (NYSE:WY) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC grew its holdings in shares of Weyerhaeuser (NYSE:WY) by 8.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,896 shares of the real estate investment trust’s stock after purchasing an additional 1,709 shares during the quarter. Denali Advisors LLC’s holdings in Weyerhaeuser were worth $822,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Weyerhaeuser by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after purchasing an additional 888,621 shares during the period. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after purchasing an additional 10,271,891 shares during the last quarter. Norges Bank acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $753,497,000. JPMorgan Chase & Co. grew its stake in Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Weyerhaeuser by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock worth $278,550,000 after acquiring an additional 198,789 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WY shares. BMO Capital Markets increased their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada cut their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.67.

Weyerhaeuser Stock Down 1.6 %

WY stock traded down $0.43 during midday trading on Wednesday, reaching $27.05. The company had a trading volume of 2,549,876 shares, compared to its average volume of 3,457,660. The company has a market capitalization of $19.72 billion, a P/E ratio of 24.79 and a beta of 1.39. Weyerhaeuser has a 1 year low of $26.98 and a 1 year high of $36.27. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $29.91 and a two-hundred day moving average of $32.46.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities research analysts expect that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.96%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Weyerhaeuser Company 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.