Weyerhaeuser Company $WY Stake Reduced by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. reduced its stake in Weyerhaeuser Company by 8.2%, holding 235,021 shares worth approximately $6.03 million after selling 21,125 shares.
• Weyerhaeuser's quarterly earnings showed a net income of $0.12 per share, surpassing analysts' expectations, despite revenue declining 2.8% year-over-year to $1.88 billion.
• The company declared a quarterly dividend of $0.21 per share, resulting in an annualized dividend yield of 3.5% and a high dividend payout ratio of 221.05%.

D.A. Davidson & CO. trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 235,021 shares of the real estate investment trust's stock after selling 21,125 shares during the period. D.A. Davidson & CO.'s holdings in Weyerhaeuser were worth $6,038,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WY. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser during the first quarter valued at $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Weyerhaeuser during the first quarter valued at $31,000. Costello Asset Management INC acquired a new position in shares of Weyerhaeuser during the first quarter valued at $32,000. Marshall Investment Management LLC acquired a new position in shares of Weyerhaeuser during the first quarter valued at $36,000. Finally, Private Wealth Asset Management LLC increased its holdings in shares of Weyerhaeuser by 135.2% during the second 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 period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.8%

Shares of WY stock opened at $23.81 on Friday. 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 Company has a fifty-two week low of $23.23 and a fifty-two week high of $32.70. The stock has a market capitalization of $17.18 billion, a P/E ratio of 62.66, a P/E/G ratio of 248.35 and a beta of 1.05. The stock has a 50-day simple moving average of $24.93 and a 200 day simple moving average of $25.60.

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

Weyerhaeuser Announces Dividend

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

Insider Buying and Selling at Weyerhaeuser

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

Analysts Set New Price Targets

A number of brokerages have recently commented on WY. DA Davidson reissued a "buy" rating and set a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Finally, CIBC decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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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