O Shaughnessy Asset Management LLC Sells 548,562 Shares of Weyerhaeuser (NYSE:WY)

O Shaughnessy Asset Management LLC lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 87.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,709 shares of the real estate investment trust’s stock after selling 548,562 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Weyerhaeuser were worth $2,898,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Covestor Ltd raised its position in Weyerhaeuser by 382.0% in the 1st quarter. Covestor Ltd now owns 2,487 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 1,971 shares during the last quarter. Elevatus Welath Management raised its position in Weyerhaeuser by 137.6% in the 1st quarter. Elevatus Welath Management now owns 207,884 shares of the real estate investment trust’s stock valued at $7,465,000 after buying an additional 120,394 shares during the last quarter. Jacobi Capital Management LLC raised its position in Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 406 shares during the last quarter. TIAA Trust National Association raised its position in Weyerhaeuser by 14.7% in the 1st quarter. TIAA Trust National Association now owns 6,659 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 854 shares during the last quarter. Finally, Jade Capital Advisors LLC acquired a new stake in Weyerhaeuser in the 1st quarter valued at approximately $1,796,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WY. Royal Bank of Canada dropped their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Truist Financial lowered their price target on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average price target of $36.00.

Weyerhaeuser Stock Performance

Shares of WY stock traded down $0.39 during trading on Wednesday, reaching $29.87. 3,177,446 shares of the company’s stock were exchanged, compared to its average volume of 3,505,451. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $21.78 billion, a PE ratio of 27.51 and a beta of 1.39. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm’s fifty day moving average price is $29.28 and its 200-day moving average price is $31.88.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.79 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.68%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

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.