Weyerhaeuser (NYSE:WY) Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its position in Weyerhaeuser (NYSE:WY - Free Report) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,103 shares of the real estate investment trust's stock after selling 16,908 shares during the quarter. Holocene Advisors LP's holdings in Weyerhaeuser were worth $5,116,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Weyerhaeuser by 257.2% in 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 in the last quarter. Daiwa Securities Group Inc. boosted its stake in Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock worth $74,355,000 after acquiring an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after buying an additional 2,004,073 shares during the last quarter. Millennium Management LLC grew its position in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock valued at $44,386,000 after buying an additional 1,308,125 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Weyerhaeuser by 2,221.8% in the third quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust's stock worth $39,674,000 after purchasing an additional 1,191,983 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on WY. StockNews.com downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Monday, October 28th. Argus raised shares of Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. One investment 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 a consensus target price of $36.33.

Weyerhaeuser Stock Performance

Shares of WY stock traded down $0.27 during trading hours on Thursday, hitting $30.97. The stock had a trading volume of 2,066,941 shares, compared to its average volume of 3,587,533. The stock's 50 day moving average is $32.08 and its 200 day moving average is $30.84. 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 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The firm has a market capitalization of $22.50 billion, a PE ratio of 41.68 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser's quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. As a group, research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's dividend payout ratio is presently 108.11%.

Insider Buying and Selling

In other news, Director James Calvin O'rourke bought 7,800 shares of the firm'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 acquisition, the director now owns 17,672 shares of the company's stock, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

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.