US Bancorp DE Sells 23,080 Shares of Weyerhaeuser Company $WY

US Bancorp DE lessened its holdings in Weyerhaeuser Company (NYSE:WY) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 550,372 shares of the real estate investment trust’s stock after selling 23,080 shares during the period. US Bancorp DE’s holdings in Weyerhaeuser were worth $13,644,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in WY. Hantz Financial Services Inc. boosted its stake in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 959 shares in the last quarter. Cromwell Holdings LLC increased its position in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Weyerhaeuser in the second quarter worth about $41,000. Finally, Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at about $42,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $24.48 on Friday. The firm has a market cap of $17.64 billion, a PE ratio of 55.63 and a beta of 1.03. The stock has a 50 day moving average of $25.54 and a 200 day moving average of $24.49. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company earned $0.11 EPS. The company’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s payout ratio is 190.91%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, February 2nd. Truist Financial increased their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Citigroup increased their price target on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $28.88.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Richard Beckwitt acquired 20,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sara Grootwassink Lewis bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 28,500 shares of company stock valued at $721,645 over the last quarter. 0.27% of the stock is owned by corporate 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.