Weyerhaeuser (NYSE:WY) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 28.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 294,506 shares of the real estate investment trust's stock after selling 118,459 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Weyerhaeuser were worth $10,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WY. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. increased its stake in Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 728 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Weyerhaeuser in the 2nd quarter worth about $26,000. Tyler Stone Wealth Management purchased a new position in Weyerhaeuser in the 2nd quarter worth about $36,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Weyerhaeuser during the 1st quarter worth about $36,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO David M. Wold sold 923 shares of the company's stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $34.57, for a total transaction of $31,908.11. Following the transaction, the chief financial officer now owns 60,655 shares of the company's stock, valued at $2,096,843.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO David M. Wold sold 924 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Wold sold 923 shares of the company's stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $34.57, for a total value of $31,908.11. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at approximately $2,096,843.35. The disclosure for this sale can be found here. Insiders have sold 43,622 shares of company stock valued at $1,487,517 over the last 90 days. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WY. StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. BMO Capital Markets lifted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a report on Friday, March 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of "Hold" and a consensus target price of $37.71.

Weyerhaeuser Price Performance

WY stock traded down $0.35 during trading on Monday, hitting $35.56. The company had a trading volume of 2,203,039 shares, compared to its average volume of 3,544,996. The company has a fifty day moving average price of $33.94 and a two-hundred day moving average price of $32.44. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The company has a market cap of $25.95 billion, a P/E ratio of 30.92 and a beta of 1.43. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Equities research analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. Weyerhaeuser's dividend payout ratio is 69.57%.

Weyerhaeuser Profile

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.