Fmr LLC Lowers Holdings in Weyerhaeuser (NYSE:WY)

FMR LLC lowered its holdings in Weyerhaeuser (NYSE:WY - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,444,893 shares of the real estate investment trust's stock after selling 85,532 shares during the period. FMR LLC owned approximately 0.20% of Weyerhaeuser worth $48,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WY. Daiwa Securities Group Inc. raised its holdings in shares of Weyerhaeuser by 2,664.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock valued at $74,355,000 after acquiring an additional 2,116,520 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Weyerhaeuser by 30.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock valued at $291,306,000 after buying an additional 2,004,073 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Weyerhaeuser by 512.3% during the 2nd 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 in the last quarter. Van ECK Associates Corp raised its holdings in shares of Weyerhaeuser by 2,221.8% during the 3rd quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust's stock valued at $39,674,000 after buying an additional 1,191,983 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust's stock valued at $93,584,000 after buying an additional 804,650 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Trading Up 1.1 %

WY traded up $0.33 on Friday, hitting $31.29. 3,395,079 shares of the company were exchanged, compared to its average volume of 2,745,627. The stock has a market capitalization of $22.73 billion, a PE ratio of 42.28 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a fifty day simple moving average of $31.98 and a two-hundred day simple moving average of $30.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping 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 return on equity of 4.21% and a net margin of 7.43%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. Sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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 given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O'rourke purchased 7,800 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company's stock, valued at $565,680.72. This trade represents a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a report on Friday. Finally, Truist Financial raised 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $36.33.

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.