Woodmont Investment Counsel LLC Sells 2,697 Shares of Weyerhaeuser Company $WY

Woodmont Investment Counsel LLC reduced its stake in Weyerhaeuser Company (NYSE:WY) by 4.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,051 shares of the real estate investment trust’s stock after selling 2,697 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Weyerhaeuser were worth $1,363,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. DAVENPORT & Co LLC boosted its holdings in Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Weyerhaeuser by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Weyerhaeuser by 232.0% during the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 6,622 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Weyerhaeuser by 85.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 17,132 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Weyerhaeuser in the first quarter valued at approximately $119,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $25.12 on Monday. The firm’s 50 day moving average is $25.40 and its 200 day moving average is $26.01. The stock has a market capitalization of $18.12 billion, a P/E ratio of 66.11, a PEG ratio of 125.31 and a beta of 1.05. Weyerhaeuser Company has a 12 month low of $23.98 and a 12 month high of $33.56. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is 221.05%.

Insider Buying and Selling

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WY has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 29th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, September 17th. Truist Financial dropped their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. Finally, CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser 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.