Weyerhaeuser Company $WY Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in Weyerhaeuser Company (NYSE:WY) by 12.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 43,046 shares of the real estate investment trust’s stock after selling 6,331 shares during the quarter. Truist Financial Corp’s holdings in Weyerhaeuser were worth $1,106,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser in the 1st quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser in the 1st quarter valued at $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser in the 1st quarter valued at $32,000. Marshall Investment Management LLC purchased a new position in Weyerhaeuser in the 1st quarter valued at $36,000. Finally, Zions Bancorporation National Association UT purchased a new position in Weyerhaeuser in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WY. DA Davidson restated a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a report on Monday, September 29th. JPMorgan Chase & Co. decreased their price objective 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 price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, July 28th. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.88.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction that occurred 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 in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 2.0%

NYSE WY opened at $23.95 on Monday. The firm has a market cap of $17.28 billion, a PE ratio of 63.03, a P/E/G ratio of 210.53 and a beta of 1.05. Weyerhaeuser Company has a 52 week low of $23.92 and a 52 week high of $33.56. The business’s fifty day simple moving average is $25.30 and its 200-day simple moving average is $25.84. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s payout ratio is 221.05%.

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.