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

Capital Investment Counsel Inc purchased a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,754 shares of the real estate investment trust’s stock, valued at approximately $200,000.

A number of other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Weyerhaeuser by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after buying an additional 3,573,013 shares during the period. Northern Trust Corp lifted its position in shares of Weyerhaeuser by 4.7% during the third quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after acquiring an additional 532,923 shares in the last quarter. Invesco Ltd. boosted its stake in Weyerhaeuser by 3.5% in the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after purchasing an additional 365,241 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Weyerhaeuser by 1.2% in the third 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 own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $31.19 on Tuesday. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of 28.35 and a beta of 1.43. The firm’s 50-day moving average price is $33.90 and its two-hundred day moving average price is $32.75. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.21 EPS. Weyerhaeuser’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 0.99 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser’s dividend payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WY shares. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets increased 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 cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial reissued a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $37.67.

Insiders Place Their Bets

In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser 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 completion of the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The stock was 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 directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 over the last three months. Company insiders own 0.30% of the company’s stock.

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.