SeaCrest Wealth Management LLC Decreases Stock Holdings in Weyerhaeuser (NYSE:WY)

SeaCrest Wealth Management LLC decreased its position in Weyerhaeuser (NYSE:WYFree Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,481 shares of the real estate investment trust’s stock after selling 795 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Weyerhaeuser were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. increased 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 valued at $26,000 after buying an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at about $26,000. American National Bank increased its position in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Lindbrook Capital LLC increased its position in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 1.6 %

Shares of NYSE WY opened at $27.05 on Friday. The firm’s 50 day moving average price is $29.82 and its 200-day moving average price is $32.42. The company has a market cap of $19.72 billion, a PE ratio of 24.59 and a beta of 1.39. Weyerhaeuser has a 52-week low of $26.98 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.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities research analysts expect that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.96%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WY shares. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada dropped their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. BMO Capital Markets boosted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Finally, Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.67.

Get Our Latest Research Report on WY

About Weyerhaeuser

(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

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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