Weyerhaeuser (NYSE:WY) Shares Sold by Union Savings Bank

Union Savings Bank trimmed its holdings in Weyerhaeuser (NYSE:WY) by 30.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,519 shares of the real estate investment trust’s stock after selling 1,520 shares during the period. Union Savings Bank’s holdings in Weyerhaeuser were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Assetmark Inc. raised its position in shares of Weyerhaeuser by 3.3% during the 4th quarter. Assetmark Inc. now owns 28,044 shares of the real estate investment trust’s stock valued at $975,000 after acquiring an additional 909 shares in the last quarter. Quest Partners LLC bought a new position in Weyerhaeuser during the fourth quarter valued at about $255,000. Corient Private Wealth LLC boosted its stake in Weyerhaeuser by 24.8% during the fourth quarter. Corient Private Wealth LLC now owns 409,668 shares of the real estate investment trust’s stock valued at $14,244,000 after buying an additional 81,539 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Weyerhaeuser by 13.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 19,922 shares of the real estate investment trust’s stock valued at $693,000 after buying an additional 2,417 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Weyerhaeuser by 0.8% during the fourth quarter. UBS Group AG now owns 1,566,906 shares of the real estate investment trust’s stock valued at $54,481,000 after purchasing an additional 12,219 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.7 %

Shares of NYSE WY traded down $0.20 during mid-day trading on Thursday, reaching $30.50. 485,289 shares of the company traded hands, compared to its average volume of 3,427,702. The company’s fifty day moving average is $32.82 and its two-hundred day moving average is $32.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The stock has a market cap of $22.24 billion, a PE ratio of 27.91 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS. On average, analysts expect that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.62%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was 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 owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WY shares. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada dropped their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $37.67.

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.