Lyell Wealth Management LP Has $237,000 Stake in Weyerhaeuser (NYSE:WY)

Lyell Wealth Management LP trimmed its position in Weyerhaeuser (NYSE:WY) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,812 shares of the real estate investment trust’s stock after selling 625 shares during the quarter. Lyell Wealth Management LP’s holdings in Weyerhaeuser were worth $237,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in Weyerhaeuser by 22.7% in the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after acquiring an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. grew its position in Weyerhaeuser by 376.3% in the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after acquiring an additional 1,634,125 shares during the period. FMR LLC grew its position in Weyerhaeuser by 64.5% in the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock valued at $97,166,000 after acquiring an additional 1,242,972 shares during the period. Barclays PLC grew its position in Weyerhaeuser by 47.1% in the third quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock valued at $103,489,000 after acquiring an additional 1,080,407 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Weyerhaeuser in the fourth quarter valued at $36,237,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.2 %

NYSE:WY traded down $0.06 during mid-day trading on Thursday, hitting $31.48. The company had a trading volume of 1,681,173 shares, compared to its average volume of 3,399,448. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The business’s fifty day moving average is $34.02 and its two-hundred day moving average is $32.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The firm has a market cap of $22.97 billion, a P/E ratio of 27.17 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts expect that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is currently 69.57%.

Insider Transactions at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. In the last three months, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WY has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. BMO Capital Markets increased their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.00.

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.