Wellington Shields & Co. LLC Decreases Holdings in Weyerhaeuser (NYSE:WY)

Wellington Shields & Co. LLC decreased its holdings in Weyerhaeuser (NYSE:WY) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,030 shares of the real estate investment trust’s stock after selling 1,082 shares during the period. Wellington Shields & Co. LLC’s holdings in Weyerhaeuser were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $26,000. American National Bank raised its holdings in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the 1st quarter valued at approximately $33,000. Park Place Capital Corp boosted its stake in Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter worth $36,000. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is owned by insiders.

Weyerhaeuser Stock Performance

WY opened at $30.89 on Wednesday. The firm has a market capitalization of $22.47 billion, a PE ratio of 28.08 and a beta of 1.40. The firm has a 50 day moving average of $30.16 and a two-hundred day moving average of $31.27. 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 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. On average, analysts anticipate that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Dividend Announcement

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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s payout ratio is currently 72.73%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Truist Financial cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.