Atria Wealth Solutions Inc. Sells 1,839 Shares of Weyerhaeuser (NYSE:WY)

Atria Wealth Solutions Inc. decreased its position in shares of Weyerhaeuser (NYSE:WY) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,330 shares of the real estate investment trust’s stock after selling 1,839 shares during the period. Atria Wealth Solutions Inc.’s holdings in Weyerhaeuser were worth $359,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WY. Millburn Ridgefield Corp bought a new position in shares of Weyerhaeuser during the third quarter worth $25,000. Raleigh Capital Management Inc. raised its position in shares of 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 buying an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $26,000. Lindbrook Capital LLC grew its position in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in Weyerhaeuser during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the company’s 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 sale, 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. 0.30% of the stock is owned by company insiders.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $30.85 on Wednesday. The firm’s 50 day simple moving average is $33.61 and its 200-day simple moving average is $32.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The firm has a market cap of $22.49 billion, a PE ratio of 28.04 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.21 EPS. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities analysts predict that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Weyerhaeuser’s dividend payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WY shares. Royal Bank of Canada cut their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Truist Financial reissued a “hold” rating and issued 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 company a “neutral” rating in a report on Wednesday, March 13th. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.67.

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.