Keybank National Association OH Sells 7,324 Shares of Weyerhaeuser Company $WY

Keybank National Association OH reduced its position in shares of Weyerhaeuser Company (NYSE:WY) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,798 shares of the real estate investment trust’s stock after selling 7,324 shares during the quarter. Keybank National Association OH’s holdings in Weyerhaeuser were worth $1,511,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WY. DAVENPORT & Co LLC lifted its holdings in Weyerhaeuser by 8.0% in the 1st quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 1,480 shares in the last quarter. OFI Invest Asset Management purchased a new position in Weyerhaeuser in the 2nd quarter worth approximately $1,370,000. HB Wealth Management LLC lifted its holdings in Weyerhaeuser by 3.3% in the 2nd quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 663 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Weyerhaeuser by 85.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after purchasing an additional 17,132 shares in the last quarter. Finally, Grove Bank & Trust lifted its holdings in Weyerhaeuser by 3,048.9% in the 2nd quarter. Grove Bank & Trust now owns 20,342 shares of the real estate investment trust’s stock worth $523,000 after purchasing an additional 19,696 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research analyst reports. DA Davidson reissued a “buy” rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Truist Financial lowered their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Citigroup lowered their price target on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. lowered 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.25.

Weyerhaeuser Stock Down 2.3%

Shares of WY opened at $22.97 on Monday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 60.45, a price-to-earnings-growth ratio of 244.04 and a beta of 1.05. Weyerhaeuser Company has a 1 year low of $22.57 and a 1 year high of $32.70. The business’s 50 day simple moving average is $24.63 and its 200-day simple moving average is $25.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Weyerhaeuser’s payout ratio is currently 186.67%.

Insider Buying and Selling at Weyerhaeuser

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

Weyerhaeuser 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.