Sigma Planning Corp Sells 7,358 Shares of Weyerhaeuser (NYSE:WY)

Sigma Planning Corp lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,235 shares of the real estate investment trust’s stock after selling 7,358 shares during the quarter. Sigma Planning Corp’s holdings in Weyerhaeuser were worth $286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cary Street Partners Investment Advisory LLC increased its position in Weyerhaeuser by 15.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock worth $202,000 after acquiring an additional 875 shares during the period. Public Sector Pension Investment Board increased its position in Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after acquiring an additional 8,031 shares during the period. Teacher Retirement System of Texas increased its position in Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after acquiring an additional 65,808 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in Weyerhaeuser during the fourth quarter worth $36,237,000. Finally, Public Employees Retirement System of Ohio increased its position in Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after acquiring an additional 96,900 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Wold sold 924 shares of the 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 sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,699 shares of company stock worth $1,455,609. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 1.3 %

Shares of NYSE:WY opened at $31.05 on Friday. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company’s fifty day moving average is $33.94 and its 200-day moving average is $32.73. The company has a market capitalization of $22.65 billion, a PE ratio of 28.23 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 72.73%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price 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. 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. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. Truist Financial reiterated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $38.00.

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.