Confluence Investment Management LLC Cuts Stock Holdings in Weyerhaeuser (NYSE:WY)

Confluence Investment Management LLC decreased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,051,440 shares of the real estate investment trust's stock after selling 33,139 shares during the quarter. Confluence Investment Management LLC owned about 0.28% of Weyerhaeuser worth $69,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Weyerhaeuser by 37.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 148,409 shares of the real estate investment trust's stock valued at $5,329,000 after buying an additional 40,324 shares during the period. Advisory Alpha LLC increased its position in shares of Weyerhaeuser by 26.1% during the 1st quarter. Advisory Alpha LLC now owns 8,133 shares of the real estate investment trust's stock valued at $292,000 after purchasing an additional 1,684 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Weyerhaeuser by 65.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 29,125 shares of the real estate investment trust's stock worth $1,046,000 after acquiring an additional 11,571 shares in the last quarter. Empowered Funds LLC lifted its stake in Weyerhaeuser by 19.5% in the first quarter. Empowered Funds LLC now owns 34,034 shares of the real estate investment trust's stock worth $1,222,000 after purchasing an additional 5,543 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Weyerhaeuser by 52.3% during the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust's stock valued at $4,166,000 after acquiring an additional 39,845 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.15 during midday trading on Friday, reaching $31.89. The company's stock had a trading volume of 2,640,475 shares, compared to its average volume of 3,644,370. The stock has a fifty day moving average of $32.24 and a 200 day moving average of $30.80. The firm has a market capitalization of $23.17 billion, a PE ratio of 43.09 and a beta of 1.40. 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.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS 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 during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company earned $0.33 EPS. The firm's revenue was down 13.3% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. Weyerhaeuser's dividend payout ratio is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, July 29th. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. Citigroup lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. BMO Capital Markets restated a "market perform" rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.33.

Insiders Place Their Bets

In other news, Director James Calvin O'rourke purchased 7,800 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost 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 approximately $565,680.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction that occurred on 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 acquisition, the director now owns 17,672 shares of the company's stock, valued at $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate 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.