Weyerhaeuser (NYSE:WY) Stock Position Raised by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its stake in shares of Weyerhaeuser (NYSE:WYFree Report) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,187 shares of the real estate investment trust’s stock after acquiring an additional 4,328 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Weyerhaeuser were worth $598,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the third quarter valued at $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at $26,000. Tyler Stone Wealth Management purchased a new stake in shares of Weyerhaeuser in the second quarter valued at $36,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Weyerhaeuser in the first quarter valued at $36,000. 82.99% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser 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 sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent research reports. BMO Capital Markets increased their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.71.

Check Out Our Latest Stock Report on Weyerhaeuser

Weyerhaeuser Price Performance

NYSE WY opened at $35.43 on Wednesday. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The stock’s 50-day moving average is $33.99 and its two-hundred day moving average is $32.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The firm has a market cap of $25.85 billion, a P/E ratio of 30.81 and a beta of 1.43.

Weyerhaeuser (NYSE:WYGet Free Report) last posted its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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