Weyerhaeuser Co. (WY) SVP Denise M. Merle Sells 15,049 Shares
Weyerhaeuser Co. (NYSE:WY) SVP Denise M. Merle sold 15,049 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Weyerhaeuser Co. (NYSE:WY) traded up 1.89% during mid-day trading on Wednesday, hitting $31.34. The stock had a trading volume of 2,546,005 shares. The firm’s 50-day moving average is $31.22 and its 200 day moving average is $31.17. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 40.39 and a beta of 1.39. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The company earned $1.41 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.96%. Weyerhaeuser’s dividend payout ratio is presently 158.98%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perkins Coie Trust Co raised its position in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 100 shares in the last quarter. Alexandria Capital LLC raised its position in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,919 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares in the last quarter. AXA bought a new position in Weyerhaeuser during the first quarter worth $139,000. Park Avenue Institutional Advisers LLC raised its position in Weyerhaeuser by 50.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 4,966 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 1,660 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in Weyerhaeuser during the first quarter worth $161,000. Institutional investors own 75.73% of the company’s stock.
A number of research firms recently weighed in on WY. Argus reissued a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a report on Tuesday, September 20th. Zacks Investment Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. DA Davidson lowered Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Monday, August 8th. Citigroup Inc. boosted their target price on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Finally, Goldman Sachs Group Inc. began coverage on Weyerhaeuser in a report on Thursday, September 22nd. They set a “buy” rating and a $37.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and a consensus price target of $35.38.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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