Riverview Trust Co Acquires Shares of 1,596 Weyerhaeuser (NYSE:WY)

Riverview Trust Co acquired a new stake in Weyerhaeuser (NYSE:WYFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,596 shares of the real estate investment trust’s stock, valued at approximately $57,000.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $26,000. American National Bank grew its position in Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Raleigh Capital Management Inc. grew its position in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares in the last quarter. Lindbrook Capital LLC grew its position in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Weyerhaeuser in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of several research analyst reports. BMO Capital Markets increased their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada reduced their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.67.

Check Out Our Latest Analysis on Weyerhaeuser

Insider Activity

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Performance

WY traded down $0.90 during trading hours on Tuesday, hitting $28.14. 954,115 shares of the stock were exchanged, compared to its average volume of 3,442,268. The stock has a 50-day simple moving average of $30.34 and a 200-day simple moving average of $32.63. Weyerhaeuser has a 12 month low of $28.11 and a 12 month high of $36.27. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 26.40 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WYGet Free Report) last posted its 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. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Weyerhaeuser 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.

Further Reading

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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