Kingsview Wealth Management LLC Invests $213,000 in Weyerhaeuser (NYSE:WY)

Kingsview Wealth Management LLC bought a new position in shares of Weyerhaeuser (NYSE:WYFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,934 shares of the real estate investment trust’s stock, valued at approximately $213,000.

Several other large investors have also made changes to their positions in WY. Fairfield Bush & CO. acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $52,000. Cibc World Market Inc. acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $1,440,000. Dimensional Fund Advisors LP raised its stake in shares of Weyerhaeuser by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock worth $15,730,000 after buying an additional 5,984 shares during the period. Candriam Luxembourg S.C.A. raised its stake in shares of Weyerhaeuser by 2.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 1,159 shares during the period. Finally, Loomis Sayles & Co. L P raised its stake in Weyerhaeuser by 10.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 596 shares during the last quarter. 79.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David M. Wold sold 923 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $31.51, for a total transaction of $29,083.73. Following the completion of the sale, the chief financial officer now directly owns 60,436 shares of the company’s stock, valued at approximately $1,904,338.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO David M. Wold sold 923 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.51, for a total transaction of $29,083.73. Following the completion of the sale, the chief financial officer now owns 60,436 shares in the company, valued at $1,904,338.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Devin W. Stockfish sold 29,008 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $34.54, for a total value of $1,001,936.32. Following the sale, the chief executive officer now owns 711,070 shares of the company’s stock, valued at approximately $24,560,357.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,278 shares of company stock valued at $1,355,847. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WY shares. Raymond James lowered Weyerhaeuser from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 27th. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. TheStreet lowered Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

Read Our Latest Research Report on WY

Weyerhaeuser Stock Up 0.2 %

Shares of WY opened at $32.87 on Thursday. Weyerhaeuser has a 52-week low of $27.65 and a 52-week high of $35.14. The company has a market capitalization of $24.00 billion, a PE ratio of 28.58 and a beta of 1.43. The stock has a fifty day simple moving average of $33.17 and a two-hundred day simple moving average of $32.12. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company earned $0.24 EPS. As a group, equities analysts forecast that Weyerhaeuser will post 1.08 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, February 27th. Investors of record on Friday, February 16th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 15th. Weyerhaeuser’s payout ratio is 66.09%.

About Weyerhaeuser

(Free Report)

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.

Read More

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WYFree Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.