AEGON ASSET MANAGEMENT UK Plc Sells 12,651 Shares of Weyerhaeuser (NYSE:WY)

AEGON ASSET MANAGEMENT UK Plc lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,561,931 shares of the real estate investment trust’s stock after selling 12,651 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.21% of Weyerhaeuser worth $52,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Wedmont Private Capital boosted its holdings in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. boosted its stake in Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 366 shares in the last quarter. CWM LLC grew its holdings in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the last quarter. Trust Co. of Toledo NA OH increased its position in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after purchasing an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its position in shares of Weyerhaeuser by 6.6% during the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Trading Up 0.5 %

NYSE WY opened at $31.89 on Friday. The company has a fifty day moving average of $32.24 and a 200 day moving average of $30.80. The company has a market capitalization of $23.17 billion, a PE ratio of 43.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results 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 return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.33 earnings per share. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. Research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Analysts Set New Price Targets

WY has been the topic of several research analyst reports. Truist Financial boosted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. DA Davidson cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Citigroup lowered 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 Tuesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $36.33.

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.