Biechele Royce Advisors Has $552,000 Stock Position in Weyerhaeuser (NYSE:WY)

Biechele Royce Advisors cut its stake in Weyerhaeuser (NYSE:WY) by 5.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 16,289 shares of the real estate investment trust’s stock after selling 873 shares during the quarter. Biechele Royce Advisors’ holdings in Weyerhaeuser were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Weyerhaeuser by 6.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock valued at $2,199,000 after purchasing an additional 3,772 shares during the last quarter. Norden Group LLC bought a new stake in Weyerhaeuser during the 1st quarter worth approximately $832,000. First Trust Direct Indexing L.P. increased its holdings in Weyerhaeuser by 28.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust’s stock valued at $581,000 after purchasing an additional 3,574 shares in the last quarter. Van ECK Associates Corp raised its position in Weyerhaeuser by 19.8% in the 1st quarter. Van ECK Associates Corp now owns 56,266 shares of the real estate investment trust’s stock valued at $2,020,000 after purchasing an additional 9,307 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in Weyerhaeuser in the 1st quarter valued at $313,000. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WY shares. Royal Bank of Canada raised their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, DA Davidson decreased 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Trading Up 0.1 %

Shares of Weyerhaeuser stock traded up $0.02 on Friday, hitting $31.18. 3,007,024 shares of the company’s stock traded hands, compared to its average volume of 3,601,198. The firm’s 50-day moving average price is $32.14 and its two-hundred day moving average price is $30.79. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $22.65 billion, a PE ratio of 42.14 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is presently 108.11%.

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.