Weyerhaeuser Company $WY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in Weyerhaeuser Company (NYSE:WY) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 567,824 shares of the real estate investment trust’s stock after selling 41,742 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of Weyerhaeuser worth $14,076,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Allianz Asset Management GmbH boosted its position in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after acquiring an additional 405,575 shares during the last quarter. American Assets Capital Advisers LLC grew its stake in shares of Weyerhaeuser by 31.2% in the third quarter. American Assets Capital Advisers LLC now owns 29,106 shares of the real estate investment trust’s stock worth $722,000 after acquiring an additional 6,914 shares in the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Weyerhaeuser by 25.8% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 3,707 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 760 shares during the period. Jones Financial Companies Lllp grew its holdings in Weyerhaeuser by 14.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 29,339 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 3,640 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after buying an additional 97,769 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on WY shares. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a report on Friday, December 12th. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Truist Financial upped their price target on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, 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 report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.88.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $23.61 per share, with a total value of $106,245.00. Following the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction that occurred 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 owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Down 1.0%

NYSE:WY opened at $26.78 on Tuesday. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. The company has a market capitalization of $19.30 billion, a price-to-earnings ratio of 60.86 and a beta of 1.03. The stock has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $24.50.

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

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

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.