Sargent Investment Group LLC Has $279,000 Stake in Weyerhaeuser (NYSE:WY)

Sargent Investment Group LLC lowered its position in Weyerhaeuser (NYSE:WY) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,021 shares of the real estate investment trust’s stock after selling 620 shares during the period. Sargent Investment Group LLC’s holdings in Weyerhaeuser were worth $279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WY. JPMorgan Chase & Co. lifted its position in shares of Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after acquiring an additional 58,688 shares during the period. Wellington Management Group LLP lifted its position in shares of Weyerhaeuser by 22.7% during the 3rd 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 acquiring an additional 3,573,013 shares during the period. Northern Trust Corp lifted its position in shares of Weyerhaeuser by 4.7% during the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after acquiring an additional 532,923 shares during the period. Invesco Ltd. lifted its position in shares of Weyerhaeuser by 3.5% during the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock valued at $333,403,000 after acquiring an additional 365,241 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Weyerhaeuser by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock valued at $239,529,000 after acquiring an additional 95,445 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Truist Financial restated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets boosted their price target 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. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser 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 stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and an average price target of $38.00.

Insider Activity at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction 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. Over the last 90 days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.30% of the stock is owned by company insiders.

Weyerhaeuser Stock Performance

NYSE WY opened at $31.05 on Monday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. 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 firm has a market cap of $22.65 billion, a price-to-earnings ratio of 28.23 and a beta of 1.43. The company has a fifty day moving average price of $33.94 and a 200-day moving average price of $32.75.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $0.21 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Weyerhaeuser’s dividend payout ratio 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.