Kiley Juergens Wealth Management LLC Trims Stock Position in Weyerhaeuser (NYSE:WY)

Kiley Juergens Wealth Management LLC cut its position in shares of Weyerhaeuser (NYSE:WY) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,315 shares of the real estate investment trust’s stock after selling 585 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in Weyerhaeuser were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WY. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Weyerhaeuser by 3.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,466 shares of the real estate investment trust’s stock worth $4,745,000 after buying an additional 4,109 shares during the last quarter. United Asset Strategies Inc. purchased a new position in Weyerhaeuser during the 4th quarter worth $214,000. SVB Wealth LLC raised its position in Weyerhaeuser by 3.2% during the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 351 shares during the last quarter. Cullen Investment Group LTD. acquired a new position in shares of Weyerhaeuser during the 4th quarter worth $1,843,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Weyerhaeuser during the 4th quarter worth $1,533,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Down 2.2 %

NYSE:WY traded down $0.72 during trading hours on Tuesday, hitting $31.97. The stock had a trading volume of 2,658,761 shares, compared to its average volume of 3,448,292. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The business has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $32.66. The company has a market cap of $23.33 billion, a PE ratio of 28.43 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.24 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is presently 69.57%.

About Weyerhaeuser

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.