Mutual of America Capital Management LLC Sells 7,611 Shares of Weyerhaeuser Company $WY

Mutual of America Capital Management LLC cut its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,539 shares of the real estate investment trust’s stock after selling 7,611 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Weyerhaeuser were worth $4,715,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WY. GKV Capital Management Co. Inc. bought a new position in shares of Weyerhaeuser in the first quarter worth $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at $31,000. Costello Asset Management INC bought a new position in shares of Weyerhaeuser in the 1st quarter valued at $32,000. Marshall Investment Management LLC bought a new position in Weyerhaeuser in the first quarter valued at about $36,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $40,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WY. CIBC reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, September 17th. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.63.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by insiders.

Weyerhaeuser Trading Down 0.6%

NYSE:WY opened at $23.57 on Thursday. The firm’s fifty day moving average is $24.98 and its 200-day moving average is $25.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 52 week low of $23.23 and a 52 week high of $32.70. The firm has a market cap of $17.00 billion, a P/E ratio of 62.01, a P/E/G ratio of 249.40 and a beta of 1.05.

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

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

About Weyerhaeuser

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.