Weyerhaeuser (NYSE:WY) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 197,995 shares of the real estate investment trust's stock after selling 142,880 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Weyerhaeuser were worth $6,884,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in shares of Weyerhaeuser in the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. lifted its position in shares of Weyerhaeuser by 606.7% in the third 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. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $26,000. Lindbrook Capital LLC lifted its position in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Weyerhaeuser in the third quarter worth $40,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Trading Down 0.5 %

Shares of NYSE WY traded down $0.17 during midday trading on Wednesday, reaching $31.54. The stock had a trading volume of 3,018,930 shares, compared to its average volume of 3,427,179. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 27.50 and a beta of 1.43. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company's 50 day moving average price is $34.05 and its 200 day moving average price is $32.72.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts expect that Weyerhaeuser will post 1.01 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser's dividend payout ratio is presently 69.57%.

Wall Street Analyst Weigh In

Several research firms have issued reports on WY. Truist Financial reaffirmed a "hold" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. StockNews.com lowered shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Hold" and an average price target of $38.00.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O'rear sold 8,349 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company's stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company's stock, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Keith O'rear sold 8,349 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Company 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.