Weyerhaeuser (NYSE:WY) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its holdings in Weyerhaeuser (NYSE:WYFree Report) by 28.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,506 shares of the real estate investment trust’s stock after selling 118,459 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Weyerhaeuser were worth $10,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WY. BlackRock Inc. boosted its position in shares of Weyerhaeuser by 2.5% in the 1st quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock valued at $1,819,535,000 after purchasing an additional 1,484,895 shares during the period. JPMorgan Chase & Co. increased its position in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after acquiring an additional 58,688 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after acquiring an additional 3,573,013 shares during the period. Geode Capital Management LLC lifted its position in shares of Weyerhaeuser by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 17,447,456 shares of the real estate investment trust’s stock valued at $526,333,000 after acquiring an additional 784,256 shares in the last quarter. Finally, Norges Bank acquired a new position in Weyerhaeuser in the 4th quarter worth approximately $485,095,000. 82.99% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 923 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $34.57, for a total value of $31,908.11. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $2,096,843.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,622 shares of company stock valued at $1,487,517. 0.27% of the stock is owned by insiders.

Weyerhaeuser Stock Down 0.1 %

WY stock opened at $35.91 on Monday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a market cap of $26.20 billion, a PE ratio of 31.23 and a beta of 1.43. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The company has a fifty day simple moving average of $33.94 and a 200 day simple moving average of $32.44.

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

Weyerhaeuser Increases Dividend

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

Analyst Ratings Changes

WY has been the subject of several recent analyst reports. BMO Capital Markets raised 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. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.71.

View Our Latest Report on WY

Weyerhaeuser 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.

Further Reading

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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