BI Asset Management Fondsmaeglerselskab A S Sells 73,570 Shares of Weyerhaeuser Company $WY

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 63.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,826 shares of the real estate investment trust’s stock after selling 73,570 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Weyerhaeuser were worth $1,037,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WY. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% during the second 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 in the last quarter. Tradewinds Capital Management LLC grew its holdings in shares of 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 last quarter. Cromwell Holdings LLC increased its position in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares in the last quarter. Private Wealth Asset Management LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 807 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in Weyerhaeuser in the second quarter valued at about $41,000. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WY. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Royal Bank Of Canada cut their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. New Street Research set a $28.00 target price on Weyerhaeuser in a report on Friday, December 12th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.63.

Weyerhaeuser Stock Down 0.1%

NYSE:WY opened at $26.69 on Monday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The stock has a 50-day moving average price of $24.57 and a two-hundred day moving average price of $24.45. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 60.66 and a beta of 1.03. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced 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 yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares in the company, valued at $613,340.58. This trade represents a 20.95% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.