Wambolt & Associates LLC Purchases 5,385 Shares of Weyerhaeuser (NYSE:WY)

Wambolt & Associates LLC grew its holdings in Weyerhaeuser (NYSE:WY) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,738 shares of the real estate investment trust’s stock after acquiring an additional 5,385 shares during the quarter. Wambolt & Associates LLC’s holdings in Weyerhaeuser were worth $582,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. SVB Wealth LLC boosted its stake in shares of Weyerhaeuser by 3.2% in the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 351 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Weyerhaeuser by 92.6% during the 4th 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 during the last quarter. Bleakley Financial Group LLC boosted its holdings in Weyerhaeuser by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 12,149 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 474 shares during the last quarter. Simplicity Solutions LLC raised its position in Weyerhaeuser by 4.1% in the fourth quarter. Simplicity Solutions LLC now owns 12,149 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 474 shares during the period. Finally, CWM LLC raised its stake in Weyerhaeuser by 3.4% during the fourth quarter. CWM LLC now owns 14,804 shares of the real estate investment trust’s stock valued at $515,000 after buying an additional 492 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WY shares. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Truist Financial restated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets raised their price target 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, Royal Bank of Canada lowered their price objective 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $37.67.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Keith O’rear sold 8,349 shares of the company’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 transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Trading Up 0.8 %

NYSE:WY traded up $0.24 during mid-day trading on Monday, hitting $31.21. 2,865,846 shares of the company’s stock were exchanged, compared to its average volume of 3,423,198. The firm has a market capitalization of $22.75 billion, a P/E ratio of 28.29 and a beta of 1.47. The company has a 50 day simple moving average of $33.40 and a 200-day simple moving average of $32.84. 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 fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, research analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser’s dividend payout ratio is 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.