Court Place Advisors LLC Lowers Stake in Weyerhaeuser (NYSE:WY)

Court Place Advisors LLC reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,250 shares of the real estate investment trust’s stock after selling 400 shares during the period. Court Place Advisors LLC’s holdings in Weyerhaeuser were worth $287,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of WY. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $26,000. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its holdings 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 acquiring an additional 728 shares in the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $36,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

WY traded down $0.45 during midday trading on Wednesday, reaching $31.52. 3,392,180 shares of the company’s stock were exchanged, compared to its average volume of 3,447,575. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The stock has a market capitalization of $23.00 billion, a PE ratio of 27.80 and a beta of 1.43. The business’s 50-day moving average price is $34.21 and its 200 day moving average price is $32.66. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. As a group, equities analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is presently 69.57%.

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.