Spire Wealth Management Has $91,000 Stock Holdings in Weyerhaeuser Company $WY

Spire Wealth Management lessened its position in Weyerhaeuser Company (NYSE:WY) by 46.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,525 shares of the real estate investment trust’s stock after selling 3,027 shares during the period. Spire Wealth Management’s holdings in Weyerhaeuser were worth $91,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser during the 1st quarter worth about $29,000. Hantz Financial Services Inc. lifted its position in Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares in the last quarter. Costello Asset Management INC acquired a new position in Weyerhaeuser during the 1st quarter worth about $32,000. Marshall Investment Management LLC acquired a new position in Weyerhaeuser during the 1st quarter worth about $36,000. Finally, Private Wealth Asset Management LLC lifted its position in Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $22.49 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The stock has a market cap of $16.23 billion, a PE ratio of 59.19, a price-to-earnings-growth ratio of 244.04 and a beta of 1.05. The stock has a 50-day moving average of $24.41 and a 200-day moving average of $25.44. Weyerhaeuser Company has a one year low of $22.28 and a one year high of $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.7%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Citigroup reduced their price target on shares of Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Royal Bank Of Canada reduced their price target on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

Weyerhaeuser 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.