Weyerhaeuser Company $WY Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 64.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 127,327 shares of the real estate investment trust’s stock after buying an additional 49,787 shares during the period. Exchange Traded Concepts LLC’s holdings in Weyerhaeuser were worth $3,156,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. GKV Capital Management Co. Inc. purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $29,000. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares during the last quarter. Private Wealth Asset Management LLC grew its stake in shares of Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 807 shares during the period. Operose Advisors LLC purchased a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $41,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $23.61 per share, with a total value of $106,245.00. Following the transaction, the director owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. The trade was a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WY. DA Davidson decreased their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Royal Bank Of Canada lowered their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Finally, Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.88.

Weyerhaeuser Stock Up 1.0%

Weyerhaeuser stock opened at $23.78 on Friday. The stock’s fifty day simple moving average is $22.77 and its 200-day simple moving average is $24.61. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.66. The firm has a market capitalization of $17.14 billion, a P/E ratio of 52.85, a P/E/G ratio of 124.42 and a beta of 1.08.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $0.05 EPS. Weyerhaeuser’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is currently 186.67%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.