Vontobel Holding Ltd. Sells 34,096 Shares of Weyerhaeuser (NYSE:WY)

Vontobel Holding Ltd. lowered its stake in Weyerhaeuser (NYSE:WY) by 42.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,701 shares of the real estate investment trust’s stock after selling 34,096 shares during the period. Vontobel Holding Ltd.’s holdings in Weyerhaeuser were worth $1,624,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WY. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser during the third quarter worth about $25,000. Raleigh Capital Management Inc. raised its position in Weyerhaeuser by 606.7% during the 3rd 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 during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in Weyerhaeuser in the 2nd quarter worth approximately $26,000. Finally, Tyler Stone Wealth Management bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $36,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a research report on Monday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets lifted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Weyerhaeuser Stock Up 0.4 %

Shares of Weyerhaeuser stock opened at $31.47 on Friday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 27.37 and a beta of 1.43. The company has a 50-day moving average of $34.11 and a 200 day moving average of $32.66. 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 data 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. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

Insider Buying and Selling at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by insiders.

Weyerhaeuser Company Profile

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.