Kentucky Retirement Systems Sells 4,267 Shares of Weyerhaeuser (NYSE:WY)

Kentucky Retirement Systems reduced its position in Weyerhaeuser (NYSE:WY) by 7.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 50,669 shares of the real estate investment trust’s stock after selling 4,267 shares during the period. Kentucky Retirement Systems’ holdings in Weyerhaeuser were worth $1,716,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser during the 3rd quarter valued at $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser during the second quarter valued at about $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser in the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares in the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. DA Davidson decreased 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. Citigroup lowered their price target 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 cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Up 0.3 %

Shares of WY opened at $31.02 on Tuesday. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a 50 day simple moving average of $32.32 and a two-hundred day simple moving average of $30.79. The firm has a market cap of $22.54 billion, a P/E ratio of 41.92 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. On average, analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

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.