Rowlandmiller & PARTNERS.ADV Sells 1,051 Shares of Weyerhaeuser Company $WY

Rowlandmiller & PARTNERS.ADV trimmed its stake in shares of Weyerhaeuser Company (NYSE:WY) by 0.7% in the second quarter, Holdings Channel.com reports. The fund owned 139,722 shares of the real estate investment trust’s stock after selling 1,051 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Weyerhaeuser were worth $3,589,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WY. Cetera Investment Advisers raised its position in shares of Weyerhaeuser by 12.5% during the fourth quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust’s stock worth $1,979,000 after acquiring an additional 7,810 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Weyerhaeuser by 101.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 141,681 shares of the real estate investment trust’s stock worth $3,988,000 after acquiring an additional 71,447 shares during the last quarter. Focus Partners Wealth raised its position in shares of Weyerhaeuser by 11.9% during the fourth quarter. Focus Partners Wealth now owns 37,174 shares of the real estate investment trust’s stock worth $1,078,000 after acquiring an additional 3,965 shares during the last quarter. Millennium Management LLC raised its position in shares of Weyerhaeuser by 2.5% during the fourth quarter. Millennium Management LLC now owns 102,544 shares of the real estate investment trust’s stock worth $2,887,000 after acquiring an additional 2,532 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp raised its position in shares of Weyerhaeuser by 20.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,556 shares of the real estate investment trust’s stock worth $860,000 after acquiring an additional 5,150 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Down 3.4%

Shares of Weyerhaeuser stock opened at $24.94 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $26.63. The stock has a market capitalization of $17.99 billion, a PE ratio of 65.63, a price-to-earnings-growth ratio of 81.69 and a beta of 1.07.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday. Citigroup decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. DA Davidson decreased their target price on Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Finally, Truist Financial decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.75.

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.