Weyerhaeuser (NYSE:WY) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 2.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 22,683 shares of the real estate investment trust’s stock after selling 632 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Weyerhaeuser were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $26,000. American National Bank increased its position in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser in the first quarter valued at $33,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY traded down $0.07 on Wednesday, reaching $27.41. The company had a trading volume of 371,493 shares, compared to its average volume of 3,439,502. The company has a fifty day moving average of $30.00 and a 200-day moving average of $32.50. The company has a market capitalization of $19.98 billion, a P/E ratio of 24.98 and a beta of 1.39. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a one year low of $27.25 and a one year high of $36.27.

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

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Analyst Upgrades and Downgrades

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

Insider Activity

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

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.