Chevy Chase Trust Holdings LLC Trims Stock Position in Weyerhaeuser (NYSE:WY)

Chevy Chase Trust Holdings LLC cut its position in Weyerhaeuser (NYSE:WY) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,252 shares of the real estate investment trust’s stock after selling 6,664 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Weyerhaeuser worth $11,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in WY. J.W. Cole Advisors Inc. grew its holdings in shares of Weyerhaeuser by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 18,594 shares of the real estate investment trust’s stock worth $647,000 after purchasing an additional 1,138 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares during the last quarter. Signaturefd LLC increased its holdings in Weyerhaeuser by 11.8% during the 4th quarter. Signaturefd LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $188,000 after purchasing an additional 570 shares during the period. CWM LLC raised its position in Weyerhaeuser by 3.4% during the 4th quarter. CWM LLC now owns 14,804 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 492 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Weyerhaeuser by 11.2% in the 4th quarter. Handelsbanken Fonder AB now owns 364,392 shares of the real estate investment trust’s stock worth $12,670,000 after buying an additional 36,640 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.7 %

NYSE:WY traded up $0.21 during mid-day trading on Wednesday, hitting $30.32. 1,017,820 shares of the stock traded hands, compared to its average volume of 3,556,245. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 27.37 and a beta of 1.39. The firm’s 50 day moving average is $29.57 and its two-hundred day moving average is $31.54. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. On average, equities research analysts predict that Weyerhaeuser will post 0.59 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In related 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 sale, 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 available through the SEC website. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Truist Financial reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average target price of $35.83.

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.