Farmers Trust Co. Acquires Shares of 144,397 Weyerhaeuser Company $WY

Key Points

• Farmers Trust Co. acquired 144,397 shares of Weyerhaeuser Company, valued at approximately $3.71 million, during the second quarter.
• Insider activity included Director Sara Grootwassink Lewis purchasing 4,000 shares, increasing her position by nearly 22.89%.
• Weyerhaeuser's dividend of $0.21 per share was declared recently, representing an annual yield of 3.5%, although the payout ratio is significantly high at 221.05%.

Farmers Trust Co. acquired a new stake in Weyerhaeuser Company (NYSE:WY - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 144,397 shares of the real estate investment trust's stock, valued at approximately $3,710,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its holdings in Weyerhaeuser by 40.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,404 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 693 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in shares of Weyerhaeuser by 24.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 19,540 shares of the real estate investment trust's stock valued at $502,000 after purchasing an additional 3,862 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Weyerhaeuser in the 2nd quarter valued at $291,000. Farther Finance Advisors LLC increased its stake in shares of Weyerhaeuser by 15.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,980 shares of the real estate investment trust's stock valued at $282,000 after purchasing an additional 1,504 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Weyerhaeuser by 49.4% in the 2nd quarter. CX Institutional now owns 6,072 shares of the real estate investment trust's stock valued at $156,000 after purchasing an additional 2,008 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the transaction, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. CIBC decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. Truist Financial decreased their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Trading Up 0.8%

Shares of WY stock opened at $24.29 on Tuesday. The firm has a market capitalization of $17.52 billion, a P/E ratio of 63.91, a P/E/G ratio of 84.50 and a beta of 1.07. Weyerhaeuser Company has a twelve month low of $23.98 and a twelve month high of $34.03. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The stock's fifty day simple moving average is $25.58 and its 200 day simple moving average is $26.33.

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

Weyerhaeuser Dividend Announcement

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

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.

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser Company (NYSE:WY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.