Securian Asset Management Inc. Has $1.61 Million Holdings in Weyerhaeuser (NYSE:WY)

Securian Asset Management Inc. lowered its holdings in Weyerhaeuser (NYSE:WYFree Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,191 shares of the real estate investment trust’s stock after selling 6,248 shares during the quarter. Securian Asset Management Inc.’s holdings in Weyerhaeuser were worth $1,606,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WY. JPMorgan Chase & Co. lifted its holdings in 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 worth $645,879,000 after buying an additional 58,688 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of 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 valued at $591,717,000 after purchasing an additional 3,573,013 shares during the last quarter. Northern Trust Corp raised its stake 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 buying an additional 532,923 shares during the last quarter. Invesco Ltd. lifted its holdings in Weyerhaeuser by 3.5% in the third quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock valued at $333,403,000 after buying an additional 365,241 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Weyerhaeuser by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after acquiring an additional 198,789 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WY has been the topic of a number of recent analyst reports. Truist Financial reissued 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 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada decreased their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, BMO Capital Markets raised their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. 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, the stock currently has an average rating of “Hold” and a consensus target price of $37.67.

Get Our Latest Stock Analysis on WY

Weyerhaeuser Stock Up 0.2 %

Shares of WY opened at $31.17 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $22.72 billion, a PE ratio of 28.34 and a beta of 1.47. The firm’s 50 day moving average is $33.05 and its 200-day moving average is $32.93. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WYGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share 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 business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.21 earnings per share. Weyerhaeuser’s revenue was down 4.5% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Friday, May 31st. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the 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 completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’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 sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Company Profile

(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.

See Also

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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