Weyerhaeuser Co. (NYSE:WY) SVP Denise M. Merle sold 15,049 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $31.12, for a total transaction of $468,324.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Weyerhaeuser Co. (NYSE:WY) traded up 1.89% during trading on Wednesday, reaching $31.34. The company had a trading volume of 2,546,005 shares. Weyerhaeuser Co. has a 52-week low of $22.06 and a 52-week high of $33.17. The company has a 50 day moving average price of $31.22 and a 200 day moving average price of $31.17. The company has a market capitalization of $23.47 billion, a PE ratio of 40.39 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter last year, the business posted $0.26 EPS. Weyerhaeuser’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities analysts forecast that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Weyerhaeuser (NYSE:WY)

The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Wednesday, September 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 158.98%.

Institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA boosted its position in shares of Weyerhaeuser by 591.3% in the first quarter. Glenmede Trust Co. NA now owns 14,448 shares of the real estate investment trust’s stock worth $446,000 after buying an additional 12,358 shares during the period. CIBC World Markets Inc. acquired a new position in Weyerhaeuser during the first quarter valued at $206,000. Ngam Advisors L.P. boosted its position in Weyerhaeuser by 24.7% in the first quarter. Ngam Advisors L.P. now owns 98,098 shares of the real estate investment trust’s stock valued at $3,039,000 after buying an additional 19,405 shares during the period. Franklin Resources Inc. boosted its position in Weyerhaeuser by 240.0% in the first quarter. Franklin Resources Inc. now owns 112,928 shares of the real estate investment trust’s stock valued at $3,499,000 after buying an additional 79,715 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in Weyerhaeuser during the first quarter valued at $915,000. Hedge funds and other institutional investors own 75.73% of the company’s stock.

A number of research firms have commented on WY. DA Davidson lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, August 8th. Citigroup Inc. upped their target price on Weyerhaeuser from $36.00 to $37.00 and gave the company a “buy” rating in a report on Monday, August 8th. Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a report on Friday, August 12th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, July 19th. Finally, Goldman Sachs Group Inc. assumed coverage on Weyerhaeuser in a report on Thursday, September 22nd. They issued a “buy” rating and a $37.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Buy” and an average target price of $35.38.

About Weyerhaeuser

Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.

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