Bristlecone Advisors LLC Sells 1,379 Shares of Weyerhaeuser (NYSE:WY)

Bristlecone Advisors LLC reduced its holdings in Weyerhaeuser (NYSE:WY) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,313 shares of the real estate investment trust’s stock after selling 1,379 shares during the period. Bristlecone Advisors LLC’s holdings in Weyerhaeuser were worth $2,144,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Weyerhaeuser by 6.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock valued at $2,199,000 after buying an additional 3,772 shares during the period. Register Financial Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $36,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Weyerhaeuser by 99.2% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 47,056 shares of the real estate investment trust’s stock valued at $1,690,000 after acquiring an additional 23,432 shares during the period. Naviter Wealth LLC raised its position in Weyerhaeuser by 5.7% in the first quarter. Naviter Wealth LLC now owns 50,525 shares of the real estate investment trust’s stock worth $1,814,000 after purchasing an additional 2,718 shares in the last quarter. Finally, Denali Advisors LLC lifted its stake in Weyerhaeuser by 8.1% during the first quarter. Denali Advisors LLC now owns 22,896 shares of the real estate investment trust’s stock worth $822,000 after purchasing an additional 1,709 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WY. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial upped their price objective 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, Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Price Performance

Shares of WY stock opened at $31.80 on Friday. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 28.91 and a beta of 1.40. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a 50-day moving average price of $32.05 and a 200 day moving average price of $30.84.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. 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 prior year, the business posted $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. Research analysts expect that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. Weyerhaeuser’s payout ratio is currently 72.73%.

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.