Cerity Partners LLC Has $3.46 Million Position in Weyerhaeuser (NYSE:WY)

Cerity Partners LLC grew its holdings in Weyerhaeuser (NYSE:WY) by 14.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 99,500 shares of the real estate investment trust’s stock after acquiring an additional 12,225 shares during the period. Cerity Partners LLC’s holdings in Weyerhaeuser were worth $3,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WY. Norges Bank bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $485,095,000. Wellington Management Group LLP raised its position 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 worth $591,717,000 after acquiring an additional 3,573,013 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Weyerhaeuser by 376.3% during the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after acquiring an additional 1,634,125 shares during the last quarter. BlackRock Inc. raised its position in shares of Weyerhaeuser by 2.5% during the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock worth $1,819,535,000 after acquiring an additional 1,484,895 shares during the last quarter. Finally, FMR LLC raised its position in shares of Weyerhaeuser by 64.5% during the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after acquiring an additional 1,242,972 shares during the last quarter. Institutional investors and hedge funds 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 stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock valued at $1,455,609 over the last three months. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 1.4 %

Shares of Weyerhaeuser stock opened at $31.52 on Thursday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The business has a 50-day moving average of $34.18 and a two-hundred day moving average of $32.66. The company has a market capitalization of $23.00 billion, a P/E ratio of 27.41 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22.

Weyerhaeuser (NYSE:WY) last announced 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. 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 company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. As a group, equities analysts predict that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed 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. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Analyst Ratings Changes

WY has been the subject of a number of recent research reports. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets upped their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $38.00.

About Weyerhaeuser

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.