ING Groep NV trimmed its position in Weyerhaeuser (NYSE:WY – Free Report) by 24.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,772 shares of the real estate investment trust’s stock after selling 61,026 shares during the quarter. ING Groep NV’s holdings in Weyerhaeuser were worth $6,493,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. boosted its stake in shares of Weyerhaeuser by 24.1% during the first quarter. Avantax Advisory Services Inc. now owns 12,036 shares of the real estate investment trust’s stock valued at $432,000 after purchasing an additional 2,340 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Weyerhaeuser by 11.8% in the first quarter. Bleakley Financial Group LLC now owns 13,579 shares of the real estate investment trust’s stock worth $488,000 after purchasing an additional 1,430 shares during the period. TIAA Trust National Association grew its stake in Weyerhaeuser by 14.7% in the first quarter. TIAA Trust National Association now owns 6,659 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 854 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 406 shares during the last quarter. Finally, Elevatus Welath Management grew its stake in shares of Weyerhaeuser by 137.6% in the 1st quarter. Elevatus Welath Management now owns 207,884 shares of the real estate investment trust’s stock worth $7,465,000 after acquiring an additional 120,394 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.
Weyerhaeuser Stock Up 0.2 %
Shares of NYSE:WY opened at $30.93 on Friday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $22.47 billion, a P/E ratio of 41.80 and a beta of 1.40. The business’s 50 day moving average is $32.30 and its 200 day moving average is $30.78.
Weyerhaeuser Dividend Announcement
The business also recently announced 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 is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.
Wall Street Analyst Weigh In
WY has been the topic of several research reports. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Truist Financial increased their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Citigroup dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.33.
Get Our Latest Research Report on Weyerhaeuser
Insider Transactions at Weyerhaeuser
In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their position. The disclosure for this purchase can be found here. Corporate 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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