ArrowMark Colorado Holdings LLC Sells 86,027 Shares of Weyerhaeuser Company $WY

ArrowMark Colorado Holdings LLC lowered its stake in Weyerhaeuser Company (NYSE:WY) by 70.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,710 shares of the real estate investment trust’s stock after selling 86,027 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Weyerhaeuser were worth $885,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in Weyerhaeuser by 18.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 1,498 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after buying an additional 3,124 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Weyerhaeuser by 24.2% during the 2nd quarter. Allworth Financial LP now owns 9,387 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,828 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Weyerhaeuser by 31.5% during the 2nd quarter. KBC Group NV now owns 65,114 shares of the real estate investment trust’s stock worth $1,673,000 after buying an additional 15,609 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 1.2%

NYSE WY opened at $23.74 on Tuesday. 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 firm has a 50-day simple moving average of $25.61 and a 200 day simple moving average of $24.32. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $30.28. The stock has a market cap of $17.10 billion, a PE ratio of 53.94 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.58 billion. During the same period last year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Wall Street Analysts Forecast Growth

WY has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Citigroup raised their price target on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 2nd. Finally, Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $28.88.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke bought 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, for a total transaction 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. This represents a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 28,500 shares of company stock worth $721,645. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Profile

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.