Weyerhaeuser (NYSE:WY) Shares Sold by Lbp Am Sa

Lbp Am Sa trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 98.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,491 shares of the real estate investment trust’s stock after selling 466,530 shares during the period. Lbp Am Sa’s holdings in Weyerhaeuser were worth $341,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in WY. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter worth $753,497,000. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after purchasing an additional 10,271,891 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares in the last quarter. Confluence Investment Management LLC acquired a new position in Weyerhaeuser during the first quarter worth $81,507,000. Finally, M&G Plc purchased a new stake in shares of Weyerhaeuser during the first quarter worth $60,792,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WY shares. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Truist Financial cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $35.83.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.5 %

NYSE:WY traded up $0.16 during trading hours on Thursday, hitting $31.92. The company’s stock had a trading volume of 4,651,205 shares, compared to its average volume of 3,528,337. The stock has a market capitalization of $23.22 billion, a P/E ratio of 28.85 and a beta of 1.39. The stock has a fifty day moving average of $29.28 and a 200-day moving average of $31.78. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. On average, equities analysts forecast that Weyerhaeuser will post 0.67 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

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.