Weyerhaeuser Company $WY Shares Sold by First Pacific Financial

First Pacific Financial trimmed its position in Weyerhaeuser Company (NYSE:WY) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,550 shares of the real estate investment trust’s stock after selling 1,753 shares during the period. First Pacific Financial’s holdings in Weyerhaeuser were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in WY. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth about $31,000. Costello Asset Management INC acquired a new stake in Weyerhaeuser during the 1st quarter worth about $32,000. Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth about $36,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Weyerhaeuser during the 1st quarter worth about $40,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.8%

Shares of Weyerhaeuser stock opened at $24.98 on Thursday. The firm has a market capitalization of $18.03 billion, a PE ratio of 65.75, a P/E/G ratio of 123.66 and a beta of 1.05. Weyerhaeuser Company has a twelve month low of $23.98 and a twelve month high of $33.74. The firm’s 50-day moving average price is $25.44 and its 200 day moving average price is $26.14. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. On average, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WY shares. Truist Financial cut their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. CIBC cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. DA Davidson reaffirmed a “buy” rating and set a $35.00 price target on shares of Weyerhaeuser in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $32.88.

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.