Weyerhaeuser (NYSE:WY) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,267 shares of the real estate investment trust’s stock after selling 4,258 shares during the quarter. Naviter Wealth LLC’s holdings in Weyerhaeuser were worth $1,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser during the second quarter worth $26,000. American National Bank grew its position in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $33,000. Park Place Capital Corp increased its stake in Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares during the period. Finally, Register Financial Advisors LLC acquired a new stake in shares of Weyerhaeuser during the first quarter worth about $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $30.28 on Wednesday. The stock’s 50-day simple moving average is $29.91 and its 200-day simple moving average is $31.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The firm has a market capitalization of $22.02 billion, a PE ratio of 27.53 and a beta of 1.40. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. As a group, equities research analysts forecast that Weyerhaeuser will post 0.59 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at $170,226. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several recent research reports. Royal Bank of Canada upped their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. 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, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $35.83.

Weyerhaeuser Company 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.