Kingsview Wealth Management LLC Purchases Shares of 6,934 Weyerhaeuser (NYSE:WY)

Kingsview Wealth Management LLC purchased a new stake in Weyerhaeuser (NYSE:WYFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,934 shares of the real estate investment trust’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas grew its position in shares of Weyerhaeuser by 18.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after purchasing an additional 65,808 shares in the last quarter. BlackRock Inc. grew its position in shares of Weyerhaeuser by 2.3% during the 2nd quarter. BlackRock Inc. now owns 61,774,884 shares of the real estate investment trust’s stock worth $2,070,076,000 after purchasing an additional 1,385,408 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Weyerhaeuser by 3.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 459,921 shares of the real estate investment trust’s stock worth $15,412,000 after purchasing an additional 17,411 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 153,565 shares of the real estate investment trust’s stock worth $5,146,000 after purchasing an additional 790 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth approximately $24,916,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

Weyerhaeuser Trading Up 0.2 %

Shares of NYSE WY opened at $32.87 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a 52-week low of $27.65 and a 52-week high of $35.14. The firm has a 50 day moving average price of $33.17 and a two-hundred day moving average price of $32.12. The stock has a market cap of $24.00 billion, a P/E ratio of 28.58 and a beta of 1.43.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts forecast that Weyerhaeuser will post 1.08 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Friday, February 16th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 15th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 66.09%.

Analyst Ratings Changes

A number of brokerages have issued reports on WY. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. TheStreet downgraded shares of Weyerhaeuser from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Raymond James downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “market perform” rating in a research note on Monday, November 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Check Out Our Latest Report on Weyerhaeuser

Insider Buying and Selling at Weyerhaeuser

In other news, CFO David M. Wold sold 923 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.51, for a total transaction of $29,083.73. Following the completion of the sale, the chief financial officer now directly owns 60,436 shares in the company, valued at $1,904,338.36. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Devin W. Stockfish sold 29,008 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $34.54, for a total transaction of $1,001,936.32. Following the completion of the sale, the chief executive officer now directly owns 711,070 shares in the company, valued at $24,560,357.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO David M. Wold sold 923 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.51, for a total transaction of $29,083.73. Following the completion of the sale, the chief financial officer now owns 60,436 shares of the company’s stock, valued at $1,904,338.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,278 shares of company stock worth $1,355,847. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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