Blair William & Co. IL Lowers Position in Weyerhaeuser Company $WY

Key Points

• Blair William & Co. IL reduced its stake in Weyerhaeuser Company by 24.6%, owning 71,230 shares worth approximately $1.83 million following the sale of 23,241 shares in the second quarter.
• Weyerhaeuser has declared a quarterly dividend of $0.21 per share, reflecting an annualized yield of 3.5%, despite a high payout ratio of 221.05%.
• Weyerhaeuser's recent earnings report showed revenue of $1.88 billion, a 2.8% decline year-over-year, with EPS of $0.12 surpassing expectations.

Blair William & Co. IL lessened its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,230 shares of the real estate investment trust's stock after selling 23,241 shares during the quarter. Blair William & Co. IL's holdings in Weyerhaeuser were worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser during the first quarter valued at $32,000. Marshall Investment Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at $36,000. Finally, Zions Bancorporation National Association UT purchased a new position in Weyerhaeuser during the first quarter valued at $40,000. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.89 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a one year low of $23.54 and a one year high of $33.56. The firm has a market capitalization of $17.23 billion, a P/E ratio of 62.86, a PEG ratio of 231.58 and a beta of 1.05. The business has a fifty day moving average of $25.23 and a 200 day moving average of $25.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. Weyerhaeuser's revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's payout ratio is currently 221.05%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Truist Financial lowered their price objective on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday. Finally, DA Davidson reissued a "buy" rating and issued a $35.00 target price on shares of Weyerhaeuser in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.63.

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.

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