Weyerhaeuser Company (WY) CAO Jeanne M. Hillman Sells 36,934 Shares
Weyerhaeuser Company (NYSE:WY) CAO Jeanne M. Hillman sold 36,934 shares of Weyerhaeuser Company stock in a transaction on Monday, February 13th. The shares were sold at an average price of $33.90, for a total value of $1,252,062.60. Following the completion of the sale, the chief accounting officer now directly owns 72,923 shares of the company’s stock, valued at $2,472,089.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Weyerhaeuser Company (NYSE:WY) traded down 0.668% on Thursday, reaching $33.435. The company had a trading volume of 2,359,741 shares. Weyerhaeuser Company has a 12 month low of $22.35 and a 12 month high of $34.00. The stock has a market capitalization of $25.03 billion, a P/E ratio of 23.899 and a beta of 1.36. The firm has a 50-day moving average of $31.34 and a 200-day moving average of $31.20.
Weyerhaeuser Company (NYSE:WY) last posted its earnings results on Friday, February 3rd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by $0.02. Weyerhaeuser Company had a return on equity of 5.98% and a net margin of 15.11%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser Company will post $0.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Friday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $1.24 annualized dividend and a yield of 3.68%. Weyerhaeuser Company’s dividend payout ratio is presently 91.85%.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Weyerhaeuser Company from a “hold” rating to a “sell” rating in a research note on Thursday, February 9th. BMO Capital Markets reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser Company in a research note on Tuesday, December 13th. CLSA cut Weyerhaeuser Company from an “outperform” rating to an “underperform” rating in a research note on Thursday, December 15th. RBC Capital Markets reissued a “buy” rating and set a $37.00 target price on shares of Weyerhaeuser Company in a research note on Friday, January 6th. Finally, Raymond James Financial, Inc. raised Weyerhaeuser Company from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Monday, January 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.56.
Large investors have recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of Weyerhaeuser Company by 5.7% in the third quarter. Assetmark Inc. now owns 3,424 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 185 shares during the period. JJJ Advisors Inc. purchased a new position in shares of Weyerhaeuser Company during the fourth quarter worth about $113,000. Security National Trust Co. increased its position in shares of Weyerhaeuser Company by 99.7% in the third quarter. Security National Trust Co. now owns 3,835 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 1,915 shares during the period. Independent Advisor Alliance purchased a new position in shares of Weyerhaeuser Company during the fourth quarter worth about $124,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new position in shares of Weyerhaeuser Company during the fourth quarter worth about $133,000. Institutional investors and hedge funds own 77.72% of the company’s stock.
About Weyerhaeuser Company
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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