Weyerhaeuser (NYSE:WY) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 3.0% in the first quarter, Holdings Channel.com reports. The firm owned 142,120 shares of the real estate investment trust’s stock after selling 4,362 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Weyerhaeuser were worth $5,104,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Weyerhaeuser by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock worth $1,682,437,000 after acquiring an additional 888,621 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after buying an additional 10,271,891 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $753,497,000. JPMorgan Chase & Co. boosted its holdings in shares of Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Weyerhaeuser by 4.7% in the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after buying an additional 532,923 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.40 during mid-day trading on Friday, hitting $29.36. The stock had a trading volume of 3,397,895 shares, compared to its average volume of 3,202,596. Weyerhaeuser has a 52 week low of $28.26 and a 52 week high of $36.27. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 26.69 and a beta of 1.43. The company has a 50 day simple moving average of $31.51 and a 200-day simple moving average of $32.82. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $0.21 EPS. Weyerhaeuser’s revenue was down 4.5% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Insiders Place Their Bets

In related news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada decreased their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. BMO Capital Markets lifted their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.67.

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.