Kingswood Wealth Advisors LLC Takes $244,000 Position in Weyerhaeuser (NYSE:WY)

Kingswood Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser (NYSE:WYFree Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 7,013 shares of the real estate investment trust’s stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at $26,000. Millburn Ridgefield Corp acquired a new stake in Weyerhaeuser in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. boosted its stake in Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares in the last quarter. Tyler Stone Wealth Management acquired a new stake in Weyerhaeuser in the 2nd quarter valued at $36,000. Finally, Fairfield Bush & CO. acquired a new stake in Weyerhaeuser in the 2nd quarter valued at $40,000. 82.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and an average price target of $37.71.

View Our Latest Report on WY

Weyerhaeuser Trading Down 0.1 %

WY stock opened at $35.91 on Friday. The company has a market cap of $26.20 billion, a P/E ratio of 31.23 and a beta of 1.43. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $33.88 and a 200-day moving average of $32.41.

Weyerhaeuser (NYSE:WYGet Free Report) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, equities research analysts expect that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is presently 69.57%.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was 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 owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was 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 owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction dated 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 sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 43,622 shares of company stock worth $1,487,517 over the last 90 days. 0.27% of the stock is owned by insiders.

About Weyerhaeuser

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WYFree Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.