Weyerhaeuser (NYSE:WY) SVP Denise M. Merle Sells 7,500 Shares

Weyerhaeuser (NYSE:WY) SVP Denise M. Merle sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $32.29, for a total transaction of $242,175.00. Following the completion of the transaction, the senior vice president now owns 147,601 shares in the company, valued at approximately $4,766,036.29. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Weyerhaeuser Stock Performance

WY opened at $32.70 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.42 and a current ratio of 1.74. Weyerhaeuser has a 52-week low of $27.36 and a 52-week high of $36.00. The firm has a market cap of $23.90 billion, a P/E ratio of 34.06 and a beta of 1.52. The business’s fifty day moving average is $33.23 and its 200-day moving average is $31.24.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.11. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the prior year, the business posted $1.06 earnings per share. Weyerhaeuser’s revenue was down 36.7% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 1.19 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.19 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Weyerhaeuser’s dividend payout ratio (DPR) is 79.17%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its holdings in shares of Weyerhaeuser by 2.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 11,587 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 297 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Weyerhaeuser by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 9,907 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 299 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 4.6% during the second quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,037 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 308 shares in the last quarter. Commerce Bank boosted its stake in shares of Weyerhaeuser by 0.4% during the second quarter. Commerce Bank now owns 94,706 shares of the real estate investment trust’s stock valued at $3,174,000 after purchasing an additional 339 shares in the last quarter. Finally, Home Federal Bank of Tennessee grew its holdings in shares of Weyerhaeuser by 0.9% during the first quarter. Home Federal Bank of Tennessee now owns 36,377 shares of the real estate investment trust’s stock worth $1,096,000 after purchasing an additional 340 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WY shares. SpectralCast restated a “maintains” rating on shares of Weyerhaeuser in a report on Wednesday, June 28th. DA Davidson boosted their price target on Weyerhaeuser from $35.00 to $40.00 in a research note on Friday, July 7th. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $38.00 in a research report on Monday, July 10th. StockNews.com started coverage on shares of Weyerhaeuser in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Weyerhaeuser in a research report on Monday, July 31st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.29.

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.