Keating Investment Counselors Inc. Sells 82,667 Shares of Weyerhaeuser (NYSE:WY)

Keating Investment Counselors Inc. reduced its position in Weyerhaeuser (NYSE:WY - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,262 shares of the real estate investment trust's stock after selling 82,667 shares during the period. Weyerhaeuser makes up 1.7% of Keating Investment Counselors Inc.'s investment portfolio, making the stock its 19th largest holding. Keating Investment Counselors Inc.'s holdings in Weyerhaeuser were worth $4,668,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust's stock valued at $645,879,000 after acquiring an additional 58,688 shares in the last quarter. Wellington Management Group LLP lifted its stake in Weyerhaeuser by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust's stock valued at $591,717,000 after acquiring an additional 3,573,013 shares in the last quarter. Northern Trust Corp lifted its stake in Weyerhaeuser by 4.7% during the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust's stock valued at $363,129,000 after acquiring an additional 532,923 shares in the last quarter. Invesco Ltd. lifted its stake in Weyerhaeuser by 3.5% during the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust's stock valued at $333,403,000 after acquiring an additional 365,241 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Weyerhaeuser by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust's stock valued at $278,550,000 after purchasing an additional 198,789 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

WY traded up $0.24 during midday trading on Monday, hitting $31.21. The stock had a trading volume of 2,867,566 shares, compared to its average volume of 3,423,198. The company has a market cap of $22.75 billion, a P/E ratio of 28.29 and a beta of 1.47. The business has a fifty day moving average of $33.40 and a 200 day moving average of $32.84. 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 has a 1 year low of $28.12 and a 1 year high of $36.27.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, May 31st. Weyerhaeuser's dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a "neutral" rating in a research report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Truist Financial reaffirmed a "hold" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets boosted their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research note on Friday, March 22nd. Finally, StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $37.67.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

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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