Financial Advisory Service Inc. Sells 7,400 Shares of Weyerhaeuser (NYSE:WY)

Financial Advisory Service Inc. cut its position in shares of Weyerhaeuser (NYSE:WYGet Rating) by 57.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,391 shares of the real estate investment trust’s stock after selling 7,400 shares during the quarter. Financial Advisory Service Inc.’s holdings in Weyerhaeuser were worth $204,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First City Capital Management Inc. grew its holdings in Weyerhaeuser by 2.1% in the first quarter. First City Capital Management Inc. now owns 15,750 shares of the real estate investment trust’s stock worth $597,000 after purchasing an additional 320 shares during the period. Prospera Financial Services Inc bought a new position in shares of Weyerhaeuser during the first quarter valued at about $96,000. Sentinel Trust Co. LBA bought a new position in shares of Weyerhaeuser during the first quarter valued at about $3,831,000. Bfsg LLC lifted its position in shares of Weyerhaeuser by 99.9% during the first quarter. Bfsg LLC now owns 424,041 shares of the real estate investment trust’s stock valued at $16,767,000 after purchasing an additional 211,956 shares in the last quarter. Finally, Hourglass Capital LLC raised its position in Weyerhaeuser by 9.4% in the first quarter. Hourglass Capital LLC now owns 37,195 shares of the real estate investment trust’s stock worth $1,410,000 after acquiring an additional 3,200 shares during the period. 82.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on WY shares. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a research note on Monday, May 2nd. Truist Financial began coverage on shares of Weyerhaeuser in a research note on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price target for the company. StockNews.com lowered shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. The Goldman Sachs Group lowered their price objective on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Finally, Argus lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Weyerhaeuser Trading Up 1.9 %

NYSE:WY opened at $35.76 on Thursday. The company has a fifty day moving average of $35.71 and a 200 day moving average of $38.29. Weyerhaeuser has a 52 week low of $32.50 and a 52 week high of $43.04. The company has a quick ratio of 2.20, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $26.62 billion, a P/E ratio of 9.96 and a beta of 1.50.

Weyerhaeuser (NYSE:WYGet Rating) last issued its quarterly earnings data on Friday, April 29th. The real estate investment trust reported $1.31 EPS for the quarter, topping the consensus estimate of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was down 12.0% on a year-over-year basis. On average, research analysts predict that Weyerhaeuser will post 3.05 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, June 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.72 annualized dividend and a yield of 2.01%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 20.06%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 3,000 shares of Weyerhaeuser stock in a transaction dated Tuesday, June 7th. The shares were purchased at an average cost of $38.43 per share, with a total value of $115,290.00. Following the transaction, the director now directly owns 27,246 shares of the company’s stock, valued at $1,047,063.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

About Weyerhaeuser

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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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