National Bank of Canada FI Lowers Stock Holdings in Weyerhaeuser (NYSE:WY)

National Bank of Canada FI lowered its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,937 shares of the real estate investment trust's stock after selling 389,165 shares during the period. National Bank of Canada FI's holdings in Weyerhaeuser were worth $6,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SVB Wealth LLC lifted its position in Weyerhaeuser by 3.2% during the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 351 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 427 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Weyerhaeuser by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 12,149 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 474 shares in the last quarter. Simplicity Solutions LLC boosted its position in shares of Weyerhaeuser by 4.1% in the 4th quarter. Simplicity Solutions LLC now owns 12,149 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 474 shares in the last quarter. Finally, CWM LLC grew its stake in Weyerhaeuser by 3.4% during the 4th quarter. CWM LLC now owns 14,804 shares of the real estate investment trust's stock worth $515,000 after buying an additional 492 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Insider Activity

In other news, SVP Keith O'rear sold 8,349 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of 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 filing with the SEC, which is available at this link. In related news, SVP Keith O'rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company's stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on WY shares. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, March 22nd. StockNews.com cut shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Royal Bank of Canada cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Monday, April 29th. Truist Financial reaffirmed a "hold" rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a "neutral" rating in a report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of "Hold" and a consensus target price of $37.67.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded down $0.16 during trading on Friday, hitting $30.97. 3,393,565 shares of the company's stock were exchanged, compared to its average volume of 3,273,179. The stock has a market capitalization of $22.58 billion, a price-to-earnings ratio of 28.15 and a beta of 1.47. The business has a 50-day simple moving average of $33.40 and a 200-day simple moving average of $32.79. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the firm earned $0.21 EPS. The business's quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 0.99 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 31st. Weyerhaeuser's payout ratio is currently 72.73%.

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.