Weyerhaeuser (NYSE:WY) Shares Sold by Biltmore Wealth Management LLC

Biltmore Wealth Management LLC decreased its position in Weyerhaeuser (NYSE:WY) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,908 shares of the real estate investment trust’s stock after selling 5,438 shares during the quarter. Biltmore Wealth Management LLC’s holdings in Weyerhaeuser were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WY. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth $26,000. American National Bank raised its position in Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Lindbrook Capital LLC raised its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares during the period. Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser during the first quarter valued at $33,000. Finally, Register Financial Advisors LLC acquired a new position in Weyerhaeuser during the first quarter valued at $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY traded down $0.42 during mid-day trading on Friday, reaching $30.68. The company had a trading volume of 3,567,532 shares, compared to its average volume of 3,566,313. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The company’s 50-day moving average is $29.48 and its 200-day moving average is $31.68. The company has a market capitalization of $22.37 billion, a P/E ratio of 27.89 and a beta of 1.39.

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

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. Weyerhaeuser’s dividend payout ratio is 72.73%.

Analysts Set New Price Targets

A number of research analysts have commented on WY shares. Citigroup lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Truist Financial lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada boosted 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.83.

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.