Cerity Partners LLC Has $5.23 Million Stake in Weyerhaeuser (NYSE:WY)

Cerity Partners LLC boosted its position in Weyerhaeuser (NYSE:WY - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,321 shares of the real estate investment trust's stock after acquiring an additional 23,023 shares during the period. Cerity Partners LLC's holdings in Weyerhaeuser were worth $5,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Quadrature Capital Ltd acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $340,000. Janus Henderson Group PLC boosted its holdings in Weyerhaeuser by 4.7% during the first quarter. Janus Henderson Group PLC now owns 451,478 shares of the real estate investment trust's stock worth $16,211,000 after buying an additional 20,425 shares during the last quarter. PGGM Investments increased its stake in Weyerhaeuser by 12.5% in the first quarter. PGGM Investments now owns 96,337 shares of the real estate investment trust's stock valued at $3,459,000 after purchasing an additional 10,722 shares in the last quarter. Cetera Investment Advisers raised its holdings in Weyerhaeuser by 115.1% in the first quarter. Cetera Investment Advisers now owns 68,988 shares of the real estate investment trust's stock worth $2,477,000 after purchasing an additional 36,914 shares during the period. Finally, Cetera Advisors LLC raised its holdings in Weyerhaeuser by 83.9% in the first quarter. Cetera Advisors LLC now owns 21,698 shares of the real estate investment trust's stock worth $779,000 after purchasing an additional 9,896 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 0.3 %

Shares of WY stock traded up $0.11 on Friday, hitting $32.26. 2,107,938 shares of the stock were exchanged, compared to its average volume of 3,601,786. The business has a 50-day moving average of $32.18 and a 200 day moving average of $30.83. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm has a market capitalization of $23.44 billion, a P/E ratio of 43.59 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. Equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.48%. Weyerhaeuser's dividend payout ratio is 108.11%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WY. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Truist Financial increased their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Finally, StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.33.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O'rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

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.