Blue Trust Inc. Grows Holdings in Weyerhaeuser (NYSE:WY)

Blue Trust Inc. grew its stake in Weyerhaeuser (NYSE:WYFree Report) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,165 shares of the real estate investment trust’s stock after buying an additional 707 shares during the period. Blue Trust Inc.’s holdings in Weyerhaeuser were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WY. Millburn Ridgefield Corp bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $26,000. Tyler Stone Wealth Management bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $36,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Weyerhaeuser during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 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 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 transaction of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold 43,622 shares of company stock valued at $1,487,517 in the last three months. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WY shares. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets upped their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, StockNews.com lowered shares of 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 three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.71.

Get Our Latest Stock Report on Weyerhaeuser

Weyerhaeuser Stock Down 0.1 %

Shares of NYSE WY opened at $35.91 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The firm has a market capitalization of $26.20 billion, a PE ratio of 31.23 and a beta of 1.43. The firm has a fifty day simple moving average of $33.94 and a two-hundred day simple moving average of $32.44.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its quarterly earnings data 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 net margin of 10.93% and a return on equity of 7.36%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities analysts expect that Weyerhaeuser will post 1.03 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 given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Weyerhaeuser Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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