Parallel Advisors LLC Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

Parallel Advisors LLC reduced its position in shares of Weyerhaeuser (NYSE:WYFree Report) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,002 shares of the real estate investment trust’s stock after selling 947 shares during the period. Parallel Advisors LLC’s holdings in Weyerhaeuser were worth $209,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. boosted 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 acquiring an additional 728 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Weyerhaeuser by 92.6% during the 4th 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 during the period. Princeton Global Asset Management LLC raised its position in shares of Weyerhaeuser by 400.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $40,000. 82.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target 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. Royal Bank of Canada decreased their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.67.

Get Our Latest Analysis on Weyerhaeuser

Insiders Place Their Bets

In other 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 sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Weyerhaeuser Trading Up 1.0 %

Shares of NYSE WY opened at $30.03 on Monday. The firm’s 50 day moving average price is $32.13 and its 200-day moving average price is $32.90. 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 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The company has a market cap of $21.89 billion, a PE ratio of 27.30 and a beta of 1.43.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities research analysts expect that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.66%. Weyerhaeuser’s payout ratio is 72.73%.

Weyerhaeuser Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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