Sumitomo Mitsui DS Asset Management Company Ltd Sells 13,075 Shares of Weyerhaeuser (NYSE:WY)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Weyerhaeuser (NYSE:WY) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 151,111 shares of the real estate investment trust’s stock after selling 13,075 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Weyerhaeuser were worth $5,254,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WY. CWM LLC grew its holdings in Weyerhaeuser by 8.6% during the 3rd quarter. CWM LLC now owns 14,312 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 1,136 shares during the period. AdvisorNet Financial Inc raised its holdings in Weyerhaeuser by 570.0% in the third quarter. AdvisorNet Financial Inc now owns 4,583 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 3,899 shares during the period. IFP Advisors Inc grew its stake in Weyerhaeuser by 14.7% in the third quarter. IFP Advisors Inc now owns 9,071 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 1,160 shares during the period. HB Wealth Management LLC raised its position in shares of Weyerhaeuser by 61.6% during the third quarter. HB Wealth Management LLC now owns 18,694 shares of the real estate investment trust’s stock worth $573,000 after purchasing an additional 7,128 shares during the period. Finally, Caprock Group LLC grew its position in shares of Weyerhaeuser by 16.1% in the 3rd quarter. Caprock Group LLC now owns 7,858 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,088 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WY shares. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $38.00.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’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 transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 in the last quarter. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY opened at $31.46 on Tuesday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 27.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The company’s 50 day simple moving average is $34.07 and its 200 day simple moving average is $32.71.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results 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 return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company posted $0.24 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

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.