Devin Stockfish Sells 90,162 Shares of Weyerhaeuser (NYSE:WY) Stock

Weyerhaeuser Company (NYSE:WY) CEO Devin Stockfish sold 90,162 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weyerhaeuser Trading Down 0.6%

Shares of WY opened at $23.58 on Friday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.66. The stock has a market cap of $17.00 billion, a PE ratio of 52.39, a P/E/G ratio of 124.27 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $22.79 and its 200-day moving average price is $24.70.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the company earned $0.05 earnings per share. Weyerhaeuser’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is 186.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank Of Canada reduced their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Citigroup decreased their price objective on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Finally, CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in WY. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser in the first quarter worth about $29,000. Hantz Financial Services Inc. grew 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 acquiring an additional 521 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC lifted its position in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Company 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.