Weyerhaeuser (NYSE:WY) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its stake in Weyerhaeuser (NYSE:WY) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,466 shares of the real estate investment trust’s stock after selling 1,627 shares during the quarter. Mackenzie Financial Corp’s holdings in Weyerhaeuser were worth $3,146,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WY. Wellington Management Group LLP grew its position in 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 buying an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of Weyerhaeuser by 376.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after purchasing an additional 1,634,125 shares in the last quarter. FMR LLC raised its holdings in Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after purchasing an additional 1,242,972 shares during the period. Barclays PLC boosted its position in Weyerhaeuser by 47.1% during the third quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock worth $103,489,000 after purchasing an additional 1,080,407 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,237,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO David M. Wold sold 924 shares of the company’s 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 transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock worth $1,455,609 in the last quarter. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Down 0.0 %

Shares of NYSE WY opened at $31.46 on Tuesday. The stock has a market cap of $22.95 billion, a PE ratio of 27.36 and a beta of 1.43. 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 company has a 50-day moving average of $34.07 and a 200 day moving average of $32.71.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share 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 business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid 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 2.54%. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. 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 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets upped their price target on shares of 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 cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser 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.