Amalgamated Bank Has $5.45 Million Stake in Weyerhaeuser (NYSE:WY)

Amalgamated Bank lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151,711 shares of the real estate investment trust's stock after selling 36,042 shares during the period. Amalgamated Bank's holdings in Weyerhaeuser were worth $5,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Weyerhaeuser by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust's stock worth $1,682,437,000 after buying an additional 888,621 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust's stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the period. Norges Bank acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $753,497,000. JPMorgan Chase & Co. increased its stake in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust's stock worth $645,879,000 after purchasing an additional 58,688 shares during the period. Finally, Northern Trust Corp lifted its position in shares of 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 worth $363,129,000 after purchasing an additional 532,923 shares during the last quarter. Institutional investors own 82.99% of the company's stock.

Analyst Ratings Changes

WY has been the topic of several recent analyst reports. StockNews.com downgraded Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a research report on Friday, March 22nd. Royal Bank of Canada cut their price objective on shares of 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 reissued a "hold" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. 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 two have assigned a buy rating to the company. According to MarketBeat, Weyerhaeuser currently has an average rating of "Hold" and an average price target of $37.67.

Weyerhaeuser Price Performance

Shares of WY stock traded down $0.25 during trading hours on Monday, hitting $30.92. The company had a trading volume of 4,510,728 shares, compared to its average volume of 3,462,170. Weyerhaeuser has a 12 month low of $28.12 and a 12 month 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. The firm's fifty day moving average is $32.96 and its 200 day moving average is $32.94. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 28.11 and a beta of 1.47.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data 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. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. 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 prior year, the company posted $0.21 earnings per share. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.59%. Weyerhaeuser's dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business's 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 transaction, 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 available through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Keith O'rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.27% of the company's stock.

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.

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