Weyerhaeuser Company $WY Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. AL has reduced its stake in Weyerhaeuser Company by 38.5%, selling 15,300 shares and now holding 24,480 shares worth approximately $629,000.
• Weyerhaeuser's recent quarterly earnings report showed earnings per share (EPS) of $0.12, exceeding the consensus estimate and demonstrating a year-over-year revenue decline of 2.8%.
• The company declared a quarterly dividend of $0.21 per share, with a notable dividend yield of 3.6% despite a payout ratio of 221.05%.

Birmingham Capital Management Co. Inc. AL trimmed its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 38.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,480 shares of the real estate investment trust's stock after selling 15,300 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in Weyerhaeuser were worth $629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WY. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the 1st quarter valued at about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at about $36,000. Finally, Private Wealth Asset Management LLC boosted its holdings in Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WY has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson reissued a "buy" rating and issued a $35.00 price target on shares of Weyerhaeuser in a research note on Monday, September 29th. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reissued a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $32.63.

Weyerhaeuser Price Performance

Shares of WY opened at $23.60 on Monday. Weyerhaeuser Company has a fifty-two week low of $23.43 and a fifty-two week high of $33.11. The firm's 50 day moving average price is $25.12 and its 200 day moving average price is $25.66. The company has a market cap of $17.02 billion, a P/E ratio of 62.09, a PEG ratio of 248.14 and a beta of 1.05. The company has a quick ratio of 0.68, a current ratio of 1.04 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 for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $0.21 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's dividend payout ratio is presently 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.

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