Wilkins Investment Counsel Inc. Increases Stock Position in Weyerhaeuser Company $WY

Wilkins Investment Counsel Inc. grew its position in shares of Weyerhaeuser Company (NYSE:WY) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,505 shares of the real estate investment trust’s stock after purchasing an additional 22,093 shares during the period. Weyerhaeuser makes up approximately 1.6% of Wilkins Investment Counsel Inc.’s investment portfolio, making the stock its 25th biggest position. Wilkins Investment Counsel Inc. owned 0.06% of Weyerhaeuser worth $11,019,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WY. Rakuten Investment Management Inc. bought a new position in Weyerhaeuser during the third quarter valued at approximately $259,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Weyerhaeuser by 21.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 718,156 shares of the real estate investment trust’s stock worth $17,803,000 after acquiring an additional 128,675 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of Weyerhaeuser by 75.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the real estate investment trust’s stock valued at $8,676,000 after acquiring an additional 150,000 shares during the last quarter. Allstate Corp bought a new position in shares of Weyerhaeuser during the 3rd quarter valued at approximately $717,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Weyerhaeuser by 17.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 87,368 shares of the real estate investment trust’s stock valued at $2,134,000 after purchasing an additional 13,023 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Royal Bank Of Canada dropped their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Citigroup boosted their price objective on Weyerhaeuser from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, DA Davidson lowered their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average price target of $28.50.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $27.07 on Thursday. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 60.16, a PEG ratio of 106.93 and a beta of 1.04. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The firm’s 50-day moving average is $23.49 and its 200 day moving average is $24.41. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Insiders Place Their Bets

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This represents a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by insiders.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.