Weyerhaeuser Company $WY Shares Sold by AIA Group Ltd

Key Points

• AIA Group Ltd cut its holding in Weyerhaeuser by 45.4%, selling 603,980 shares and ending the quarter with 726,389 shares (~0.10%) valued at $18.01 million.
• Weyerhaeuser reported Q4 EPS of ($0.09), beating estimates by $0.04 while revenue fell 9.8% year-over-year, and announced a quarterly dividend of $0.21 (annualized $0.84) with an ex-dividend date of March 10 and a payout ratio of 190.91%.
• Insiders increased their stakes recently—Director Richard Beckwitt bought 20,000 shares at $25.70 and Director James Calvin O'Rourke bought 4,000 shares at $25.35—amid institutional ownership of about 82.99%.

AIA Group Ltd lowered its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 45.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 726,389 shares of the real estate investment trust's stock after selling 603,980 shares during the period. AIA Group Ltd owned about 0.10% of Weyerhaeuser worth $18,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake in shares of Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 959 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust's stock worth $34,000 after buying an additional 501 shares during the last quarter. Operose Advisors LLC acquired a new stake in Weyerhaeuser in the second quarter valued at $41,000. Optiver Holding B.V. acquired a new stake in Weyerhaeuser in the third quarter valued at $42,000. Finally, Hantz Financial Services Inc. boosted its stake in Weyerhaeuser by 69.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 784 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Down 2.7%

WY opened at $23.44 on Thursday. The stock's 50 day moving average price is $25.62 and its 200 day moving average price is $24.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The stock has a market cap of $16.89 billion, a P/E ratio of 53.26 and a beta of 1.03. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $30.19.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser's dividend payout ratio is 190.91%.

Insiders Place Their Bets

In other news, Director Richard Beckwitt acquired 20,000 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director owned 24,066 shares of the company's stock, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O'rourke acquired 4,000 shares of the business's stock in a transaction dated Friday, February 20th. The stock was purchased at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director owned 28,661 shares of the company's stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Weyerhaeuser in a report on Friday, December 12th. Truist Financial upped their target price on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Monday, February 2nd. Citigroup lifted their price target on Weyerhaeuser from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Finally, Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of "Hold" and an average price target of $28.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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