State of Alaska Department of Revenue Has $15.64 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

State of Alaska Department of Revenue lessened its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,874 shares of the real estate investment trust's stock after selling 32,435 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Weyerhaeuser worth $15,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new stake in shares of Weyerhaeuser in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares during the period. Finally, Park Place Capital Corp boosted its stake in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY traded down $0.33 during trading hours on Friday, reaching $31.80. The stock had a trading volume of 4,276,945 shares, compared to its average volume of 3,637,459. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a market capitalization of $23.18 billion, a PE ratio of 28.91 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The company's 50-day moving average is $32.05 and its two-hundred day moving average is $30.82.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 6.19% and a net margin of 9.89%. Weyerhaeuser's revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. Research analysts expect that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. Weyerhaeuser's payout ratio is 72.73%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WY. Argus upgraded Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. DA Davidson cut 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. Truist Financial upped their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Finally, BMO Capital Markets restated a "market perform" rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $36.33.

Insider Activity at Weyerhaeuser

In related news, Director Albert Monaco acquired 31,500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O'rourke purchased 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The shares were acquired 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 owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

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.