Oppenheimer & Co. Inc. Boosts Stock Holdings in Weyerhaeuser (NYSE:WY)

Oppenheimer & Co. Inc. raised its position in Weyerhaeuser (NYSE:WY) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,844 shares of the real estate investment trust’s stock after buying an additional 4,246 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Weyerhaeuser were worth $8,460,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WY. Wedmont Private Capital lifted its position in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 350 shares in the last quarter. Institute for Wealth Management LLC. lifted its holdings in Weyerhaeuser by 2.2% during the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC boosted its stake in Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the period. Trust Co. of Toledo NA OH grew its holdings in Weyerhaeuser by 0.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in Weyerhaeuser by 6.6% during the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on WY. Truist Financial raised their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. DA Davidson cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada boosted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Up 0.7 %

Shares of NYSE:WY opened at $30.90 on Thursday. The firm has a market capitalization of $22.45 billion, a PE ratio of 41.75 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a fifty day moving average of $32.27 and a 200 day moving average of $30.78.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. As a group, research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. Weyerhaeuser’s payout ratio is 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.