UniSuper Management Pty Ltd Sells 119,086 Shares of Weyerhaeuser Company $WY

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Weyerhaeuser Company by 39.1% during the first quarter, selling 119,086 shares and leaving it with 185,505 shares valued at approximately $5.43 million.
• Several hedge funds have modified their positions in Weyerhaeuser, with Millennium Management LLC significantly increasing its stake by 2,952.7% during the same quarter.
• Weyerhaeuser's most recent quarterly earnings report showed a slight revenue decline of 2.8% year-over-year, and the company announced a quarterly dividend of $0.21 per share with a yield of 3.2%.

UniSuper Management Pty Ltd cut its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 39.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,505 shares of the real estate investment trust's stock after selling 119,086 shares during the period. UniSuper Management Pty Ltd's holdings in Weyerhaeuser were worth $5,432,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of Weyerhaeuser by 8.0% in the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock valued at $584,000 after purchasing an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Weyerhaeuser by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock valued at $2,171,000 after purchasing an additional 1,524 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after buying an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock worth $1,087,000 after buying an additional 17,132 shares during the last quarter. Finally, CX Institutional acquired a new position in Weyerhaeuser during the first quarter worth $119,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.89 on Friday, hitting $24.94. The company had a trading volume of 3,709,414 shares, compared to its average volume of 3,837,763. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of 65.63, a P/E/G ratio of 81.69 and a beta of 1.07. The stock has a 50 day moving average price of $25.76 and a 200 day moving average price of $26.63. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's payout ratio is presently 221.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WY shares. JPMorgan Chase & Co. lowered their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Wall Street Zen downgraded shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Citigroup lowered their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Tuesday, June 3rd. Truist Financial lowered their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Monday, July 28th. Finally, The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.75.

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.