Paloma Partners Management Co Purchases 22,495 Shares of Weyerhaeuser (NYSE:WY)

Paloma Partners Management Co lifted its position in Weyerhaeuser (NYSE:WY - Free Report) by 67.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,695 shares of the real estate investment trust's stock after purchasing an additional 22,495 shares during the quarter. Paloma Partners Management Co's holdings in Weyerhaeuser were worth $1,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new stake in Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 purchasing an additional 928 shares in the last quarter. Finally, Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 651 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities 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 upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Finally, Argus raised shares of Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $36.33.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O'rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, for a total transaction 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 $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Price Performance

WY stock traded down $0.25 during mid-day trading on Tuesday, reaching $31.72. 2,492,795 shares of the company traded hands, compared to its average volume of 3,595,259. The company has a fifty day moving average price of $32.11 and a 200-day moving average price of $30.83. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a market capitalization of $23.05 billion, a P/E ratio of 42.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results 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. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm posted $0.33 earnings per share. Weyerhaeuser's quarterly revenue was down 13.3% on a year-over-year basis. As a group, analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser's payout ratio is 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.