Foster & Motley Inc. Decreases Holdings in Weyerhaeuser (NYSE:WY)

Foster & Motley Inc. lessened its holdings in shares of Weyerhaeuser (NYSE:WY) by 56.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,695 shares of the real estate investment trust’s stock after selling 16,462 shares during the period. Foster & Motley Inc.’s holdings in Weyerhaeuser were worth $441,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WY. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Weyerhaeuser by 15.3% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 875 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Weyerhaeuser by 5.7% in the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock valued at $4,568,000 after acquiring an additional 8,031 shares during the period. Teacher Retirement System of Texas grew its position in shares of Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after acquiring an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Weyerhaeuser in the 4th quarter valued at $36,237,000. Finally, Public Employees Retirement System of Ohio raised its position in Weyerhaeuser by 21.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock valued at $16,899,000 after purchasing an additional 96,900 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was 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. Over the last quarter, insiders sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on WY shares. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets lifted 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. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

WY stock opened at $31.54 on Thursday. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 27.43 and a beta of 1.43. 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 firm has a 50 day moving average of $34.02 and a 200-day moving average of $32.72. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $0.24 earnings per share. Weyerhaeuser’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.20 per share. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

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.