Boston Common Asset Management LLC Sells 98,669 Shares of Weyerhaeuser (NYSE:WY)

Boston Common Asset Management LLC lessened its stake in shares of Weyerhaeuser (NYSE:WY) by 14.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 604,613 shares of the real estate investment trust’s stock after selling 98,669 shares during the period. Boston Common Asset Management LLC’s holdings in Weyerhaeuser were worth $20,472,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of WY. State Board of Administration of Florida Retirement System raised its holdings in shares of Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock valued at $32,207,000 after purchasing an additional 31,355 shares in the last quarter. Slagle Financial LLC boosted its position in Weyerhaeuser by 101.7% during the 4th quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock valued at $3,973,000 after acquiring an additional 57,608 shares in the last quarter. M&G Plc increased its holdings in shares of Weyerhaeuser by 16.2% in the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock valued at $54,935,000 after acquiring an additional 273,291 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Weyerhaeuser by 243.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock worth $12,300,000 after acquiring an additional 242,744 shares in the last quarter. Finally, Natixis raised its position in shares of Weyerhaeuser by 1,026.4% in the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock worth $2,855,000 after acquiring an additional 72,440 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity

In related news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

NYSE WY opened at $32.64 on Friday. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 31.69 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock’s fifty day moving average price is $31.64 and its 200 day moving average price is $31.07. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Weyerhaeuser will post 0.51 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on WY shares. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Royal Bank of Canada increased their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $35.83.

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.