Boston Family Office LLC Sells 10,320 Shares of Weyerhaeuser (NYSE:WY)

Boston Family Office LLC decreased its holdings in shares of Weyerhaeuser (NYSE:WY) by 26.3% in the third quarter, Holdings Channel.com reports. The firm owned 28,901 shares of the real estate investment trust’s stock after selling 10,320 shares during the period. Boston Family Office LLC’s holdings in Weyerhaeuser were worth $979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in shares of Weyerhaeuser by 2,664.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after buying an additional 2,116,520 shares during the last quarter. Garner Asset Management Corp grew its holdings in shares of Weyerhaeuser by 1.3% during the third quarter. Garner Asset Management Corp now owns 54,161 shares of the real estate investment trust’s stock valued at $1,834,000 after buying an additional 704 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in shares of Weyerhaeuser by 1.9% during the third quarter. Summit Trail Advisors LLC now owns 44,082 shares of the real estate investment trust’s stock valued at $1,493,000 after buying an additional 808 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Weyerhaeuser by 10.3% during the third quarter. Larson Financial Group LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $1,651,000 after buying an additional 4,567 shares during the last quarter. Finally, Wescott Financial Advisory Group LLC purchased a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $209,000. Institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

WY has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.33.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Trading Up 3.2 %

Shares of WY stock opened at $32.23 on Tuesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $32.27 and its 200 day moving average is $30.79. The stock has a market capitalization of $23.42 billion, a P/E ratio of 43.55 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.48%. Weyerhaeuser’s payout ratio is presently 108.11%.

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.