Pathstone Holdings LLC Trims Stock Holdings in Weyerhaeuser (NYSE:WY)

Pathstone Holdings LLC cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,698 shares of the real estate investment trust’s stock after selling 8,304 shares during the period. Pathstone Holdings LLC’s holdings in Weyerhaeuser were worth $2,834,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd acquired a new position in Weyerhaeuser in the 1st quarter valued at about $340,000. Janus Henderson Group PLC raised its stake in shares of Weyerhaeuser by 4.7% during the first quarter. Janus Henderson Group PLC now owns 451,478 shares of the real estate investment trust’s stock worth $16,211,000 after purchasing an additional 20,425 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 29.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 63,776 shares of the real estate investment trust’s stock worth $2,290,000 after purchasing an additional 14,528 shares during the period. California State Teachers Retirement System grew its position in Weyerhaeuser by 0.6% in the 1st quarter. California State Teachers Retirement System now owns 1,159,899 shares of the real estate investment trust’s stock valued at $41,652,000 after buying an additional 7,133 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Weyerhaeuser by 19.6% in the 1st quarter. Tidal Investments LLC now owns 184,561 shares of the real estate investment trust’s stock valued at $6,628,000 after buying an additional 30,258 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.33.

Insider Buying and Selling

In related news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Up 3.2 %

WY opened at $32.23 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The company has a market cap of $23.42 billion, a price-to-earnings ratio of 43.55 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business’s fifty day moving average is $32.27 and its two-hundred day moving average is $30.79.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.48%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

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.