Axxcess Wealth Management LLC Invests $290,000 in Weyerhaeuser (NYSE:WY)

Axxcess Wealth Management LLC acquired a new stake in shares of Weyerhaeuser (NYSE:WY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,341 shares of the real estate investment trust’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WY. JPMorgan Chase & Co. increased its holdings in Weyerhaeuser by 0.3% in 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 purchasing an additional 58,688 shares during the period. Wellington Management Group LLP raised its holdings in 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 worth $591,717,000 after purchasing an additional 3,573,013 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Weyerhaeuser by 4.7% in 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 purchasing an additional 532,923 shares during the last quarter. Invesco Ltd. increased its position in shares of Weyerhaeuser by 3.5% during the third quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after buying an additional 365,241 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Weyerhaeuser by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock worth $239,529,000 after buying an additional 95,445 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated 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 sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Trading Down 0.4 %

WY opened at $30.73 on Thursday. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The firm has a market capitalization of $22.40 billion, a PE ratio of 27.94 and a beta of 1.47. 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 company’s 50-day moving average is $33.61 and its 200 day moving average is $32.80.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on WY. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada dropped their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, 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 report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $37.67.

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.