National Bank of Canada FI Boosts Stake in Weyerhaeuser (NYSE:WY)

National Bank of Canada FI boosted its position in Weyerhaeuser (NYSE:WY - Free Report) by 80.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,245 shares of the real estate investment trust's stock after acquiring an additional 169,614 shares during the quarter. National Bank of Canada FI owned 0.05% of Weyerhaeuser worth $12,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust's stock worth $2,875,000 after purchasing an additional 14,911 shares during the period. Quest Partners LLC increased its stake in shares of Weyerhaeuser by 146.4% during the third quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust's stock valued at $3,272,000 after purchasing an additional 57,412 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 5.5% during 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 last quarter. Bank of Montreal Can boosted its position in shares of Weyerhaeuser by 4.2% in the 2nd quarter. Bank of Montreal Can now owns 750,575 shares of the real estate investment trust's stock worth $21,309,000 after purchasing an additional 29,927 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $1,218,000. Institutional investors own 82.99% of the company's stock.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke acquired 7,800 shares of the company's stock in a transaction on Friday, September 13th. The shares were bought 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 in the company, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on WY shares. StockNews.com downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $36.33.

Weyerhaeuser Stock Down 0.1 %

Shares of NYSE WY traded down $0.03 during mid-day trading on Wednesday, reaching $30.89. 5,665,200 shares of the company were exchanged, compared to its average volume of 3,593,082. The firm has a 50-day moving average of $31.89 and a 200 day moving average of $30.85. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 41.88 and a beta of 1.40.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business's quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current 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. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, November 29th. Weyerhaeuser's dividend payout ratio (DPR) is currently 108.11%.

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.