Personal CFO Solutions LLC lowered its holdings in shares of Weyerhaeuser (NYSE:WY – Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,208 shares of the real estate investment trust’s stock after selling 914 shares during the period. Personal CFO Solutions LLC’s holdings in Weyerhaeuser were worth $644,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of WY. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,037 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 308 shares during the period. Commerce Bank boosted its position in Weyerhaeuser by 0.4% during the second quarter. Commerce Bank now owns 94,706 shares of the real estate investment trust’s stock worth $3,174,000 after purchasing an additional 339 shares during the period. Granite Investment Partners LLC increased its holdings in shares of Weyerhaeuser by 0.3% in the second quarter. Granite Investment Partners LLC now owns 101,698 shares of the real estate investment trust’s stock valued at $3,408,000 after purchasing an additional 340 shares during the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Weyerhaeuser by 2.1% in the second quarter. Legacy Wealth Asset Management LLC now owns 16,971 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 341 shares during the period. Finally, Ascent Group LLC lifted its stake in shares of Weyerhaeuser by 3.8% during the 3rd quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 79.54% of the company’s stock.
Insider Buying and Selling
In other Weyerhaeuser news, SVP Denise M. Merle sold 7,500 shares of the 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 sale, the senior vice president now directly owns 147,601 shares in the company, valued at $4,766,036.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Weyerhaeuser news, SVP Denise M. Merle sold 7,500 shares of the business’s stock in a transaction that occurred on 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 directly owns 147,601 shares in the company, valued at $4,766,036.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David M. Wold sold 923 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $30.63, for a total value of $28,271.49. Following the sale, the chief financial officer now owns 60,436 shares of the company’s stock, valued at $1,851,154.68. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.
Weyerhaeuser Price Performance
Weyerhaeuser Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s payout ratio is currently 87.36%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. TheStreet lowered shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, October 27th. Truist Financial lifted their price target on Weyerhaeuser from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, July 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, July 31st. Finally, StockNews.com initiated coverage on Weyerhaeuser in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.
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