Weyerhaeuser (NYSE:WY) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 1.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,635,317 shares of the real estate investment trust's stock after selling 20,090 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of Weyerhaeuser worth $55,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter worth about $25,000. Ridgewood Investments LLC purchased a new stake in Weyerhaeuser during the second quarter worth $26,000. Itau Unibanco Holding S.A. bought a new stake in Weyerhaeuser during the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp raised its position in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

WY traded up $0.07 on Friday, reaching $30.93. 2,916,637 shares of the stock were exchanged, compared to its average volume of 3,491,185. 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 company's 50-day moving average price is $32.31 and its 200 day moving average price is $30.78. The firm has a market capitalization of $22.47 billion, a PE ratio of 41.80 and a beta of 1.40. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the company posted $0.33 earnings per share. The company's revenue was down 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. Weyerhaeuser's dividend payout ratio (DPR) is presently 108.11%.

Insider Buying and Selling

In other news, Director James Calvin O'rourke acquired 7,800 shares of the business's stock in a transaction on 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 acquisition, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Albert Monaco acquired 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WY shares. StockNews.com downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Monday, October 28th. BMO Capital Markets reiterated a "market perform" rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. Truist Financial upped their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Hold" and a consensus price target of $36.33.

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.