International Assets Investment Management LLC Sells 31,421 Shares of Weyerhaeuser (NYSE:WY)

International Assets Investment Management LLC cut its stake in shares of Weyerhaeuser (NYSE:WY) by 34.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,216 shares of the real estate investment trust’s stock after selling 31,421 shares during the quarter. International Assets Investment Management LLC’s holdings in Weyerhaeuser were worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Advisory Alpha LLC bought a new stake in Weyerhaeuser during the fourth quarter valued at approximately $224,000. Princeton Global Asset Management LLC lifted its position in Weyerhaeuser by 400.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,000 shares during the last quarter. Pinnacle Financial Partners Inc lifted its position in Weyerhaeuser by 0.5% during the fourth quarter. Pinnacle Financial Partners Inc now owns 372,885 shares of the real estate investment trust’s stock valued at $12,965,000 after purchasing an additional 1,916 shares during the last quarter. JB Capital LLC bought a new stake in Weyerhaeuser during the fourth quarter valued at approximately $200,000. Finally, Spirit of America Management Corp NY lifted its position in Weyerhaeuser by 20.8% during the fourth quarter. Spirit of America Management Corp NY now owns 5,800 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,000 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Trading Up 0.4 %

Shares of WY opened at $31.47 on Friday. The stock has a market capitalization of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $34.11 and a two-hundred day simple moving average of $32.66. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. On average, research analysts anticipate that Weyerhaeuser will post 1.03 EPS 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 of this dividend 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 2.54%. Weyerhaeuser’s dividend payout ratio is 69.57%.

Wall Street Analyst Weigh In

WY has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.00.

Insiders Place Their Bets

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were 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 in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is currently owned by corporate insiders.

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.