Weyerhaeuser (NYSE:WY) Stock Holdings Reduced by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lessened its holdings in Weyerhaeuser (NYSE:WY) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,824 shares of the real estate investment trust’s stock after selling 805 shares during the period. Weyerhaeuser accounts for approximately 2.2% of Uncommon Cents Investing LLC’s portfolio, making the stock its 5th largest holding. Uncommon Cents Investing LLC’s holdings in Weyerhaeuser were worth $6,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Weyerhaeuser by 2.3% during the second quarter. BlackRock Inc. now owns 61,774,884 shares of the real estate investment trust’s stock valued at $2,070,076,000 after buying an additional 1,385,408 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Weyerhaeuser by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares during the period. Wellington Management Group LLP lifted its stake 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 valued at $591,717,000 after buying an additional 3,573,013 shares during the period. Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 4.7% during the first quarter. Geode Capital Management LLC now owns 17,447,456 shares of the real estate investment trust’s stock valued at $526,333,000 after buying an additional 784,256 shares during the period. Finally, Norges Bank purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $485,095,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 sale, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David M. Wold sold 924 shares of the firm’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 directly owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The disclosure for this sale can be found here. Insiders sold 43,622 shares of company stock valued at $1,487,517 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $35.90 on Friday. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company has a 50 day moving average price of $33.82 and a 200 day moving average price of $32.39. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 31.22 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders 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 annualized dividend and a dividend yield of 2.23%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WY shares. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets upped their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.71.

About Weyerhaeuser

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.