Corient Private Wealth LLC Purchases 81,539 Shares of Weyerhaeuser (NYSE:WY)

Corient Private Wealth LLC raised its position in shares of Weyerhaeuser (NYSE:WY) by 24.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,668 shares of the real estate investment trust’s stock after purchasing an additional 81,539 shares during the period. Corient Private Wealth LLC owned approximately 0.06% of Weyerhaeuser worth $14,244,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WY. Private Advisor Group LLC grew its position in Weyerhaeuser by 14.9% in the 3rd quarter. Private Advisor Group LLC now owns 45,081 shares of the real estate investment trust’s stock worth $1,374,000 after purchasing an additional 5,841 shares during the period. NBC Securities Inc. purchased a new stake in Weyerhaeuser during the third quarter valued at approximately $706,000. Ieq Capital LLC raised its holdings in shares of Weyerhaeuser by 45.4% in the third quarter. Ieq Capital LLC now owns 13,803 shares of the real estate investment trust’s stock worth $423,000 after buying an additional 4,311 shares during the last quarter. Lincoln National Corp raised its holdings in shares of Weyerhaeuser by 29.9% during the third quarter. Lincoln National Corp now owns 8,850 shares of the real estate investment trust’s stock worth $271,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Weyerhaeuser by 8.8% during the third quarter. Assenagon Asset Management S.A. now owns 97,450 shares of the real estate investment trust’s stock worth $2,988,000 after purchasing an additional 7,882 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Keith O’rear sold 8,349 shares of the company’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 transaction of $300,814.47. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. 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 research note on Monday, April 29th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. 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 report on Friday, March 22nd. Finally, Truist Financial reissued 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.67.

Weyerhaeuser Trading Up 0.3 %

WY traded up $0.09 on Friday, hitting $30.20. The company had a trading volume of 1,497,824 shares, compared to its average volume of 3,579,955. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. The business’s fifty day simple moving average is $32.65 and its 200 day simple moving average is $32.90. The company has a market cap of $22.02 billion, a PE ratio of 27.45 and a beta of 1.47. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.86 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

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.