Weyerhaeuser (NYSE:WY) Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 90.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,851 shares of the real estate investment trust's stock after selling 66,228 shares during the period. Centiva Capital LP's holdings in Weyerhaeuser were worth $232,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust's stock valued at $324,450,000 after buying an additional 503,059 shares during the period. Charles Schwab Investment Management Inc. raised its position in Weyerhaeuser by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock valued at $295,940,000 after purchasing an additional 454,095 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock valued at $291,306,000 after purchasing an additional 2,004,073 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock worth $151,437,000 after purchasing an additional 3,220,235 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Weyerhaeuser by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,919,349 shares of the real estate investment trust's stock worth $132,709,000 after purchasing an additional 740,508 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on WY. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Truist Financial increased their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has an average rating of "Hold" and a consensus price target of $36.33.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke bought 7,800 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares of the company's stock, valued at $565,680.72. This represents a 79.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Stock Down 1.6 %

Weyerhaeuser stock traded down $0.49 during mid-day trading on Thursday, reaching $30.40. 2,848,462 shares of the company's stock were exchanged, compared to its average volume of 3,589,979. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a market cap of $22.09 billion, a P/E ratio of 41.28 and a beta of 1.40. The company has a fifty day moving average of $31.83 and a 200-day moving average of $30.85.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $0.33 earnings per share. Weyerhaeuser's revenue was down 13.3% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.63%. 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.