TD Asset Management Inc Sells 13,980 Shares of Weyerhaeuser (NYSE:WY)

TD Asset Management Inc trimmed its stake in shares of Weyerhaeuser (NYSE:WYFree Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,181 shares of the real estate investment trust’s stock after selling 13,980 shares during the quarter. TD Asset Management Inc’s holdings in Weyerhaeuser were worth $10,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in WY. Raleigh Capital Management Inc. raised its position in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Weyerhaeuser in the fourth quarter worth approximately $26,000. Lindbrook Capital LLC increased its holdings 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 purchasing an additional 427 shares in the last quarter. Rational Advisors LLC bought a new stake in Weyerhaeuser in the third quarter worth approximately $40,000. Finally, Princeton Global Asset Management LLC increased its holdings in Weyerhaeuser by 400.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 1.0 %

Shares of Weyerhaeuser stock opened at $29.72 on Tuesday. The stock has a market capitalization of $21.67 billion, a PE ratio of 27.02 and a beta of 1.43. 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 52 week low of $28.24 and a 52 week high of $36.27. The stock has a 50 day moving average price of $32.01 and a two-hundred day moving average price of $32.89.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its earnings results 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 company 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%. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 earnings per share. As a group, equities analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

WY has been the subject of a number of research analyst reports. Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets lifted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Royal Bank of Canada lowered their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Finally, CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $37.67.

View Our Latest Stock Analysis on Weyerhaeuser

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.

See Also

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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