5,754 Shares in Weyerhaeuser (NYSE:WY) Purchased by Capital Investment Counsel Inc

Capital Investment Counsel Inc acquired a new stake in shares of Weyerhaeuser (NYSE:WY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,754 shares of the real estate investment trust’s stock, valued at approximately $200,000.

A number of other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after purchasing an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Weyerhaeuser by 376.3% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after acquiring an additional 1,634,125 shares in the last quarter. FMR LLC raised its stake in shares of Weyerhaeuser by 64.5% in the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock valued at $97,166,000 after acquiring an additional 1,242,972 shares in the last quarter. Barclays PLC lifted its holdings in Weyerhaeuser by 47.1% in the 3rd quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock worth $103,489,000 after purchasing an additional 1,080,407 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $36,237,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $31.19 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The company has a market cap of $22.76 billion, a PE ratio of 28.35 and a beta of 1.43. The firm has a fifty day moving average price of $33.90 and a two-hundred day moving average price of $32.75. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating 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 business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that Weyerhaeuser will post 0.99 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser 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 in the company, valued at $1,991,910.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO David M. Wold sold 924 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser 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 $6,149,059.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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